Canexus shareholders approve acquisition by Chemtrade

Shareholders of Canexus (Calgary, Alberta, Canada) have voted to approve the company’s previously announced acquisition by Chemtrade Logistics Income Fund (Toronto, Ontario, Canada) for $1.65/share. A special Canexus shareholders’ meeting has been held, where shareholders representing 84.51% of Canexus’s common shares voted in favor of the deal. Canexus has sought a final order from the Court of Queen’s Bench of Alberta to approve the acquisition. Closing of the deal is expected by the end of April, subject to regulatory approval.