11:49 AM EST - Canexus Corporation : Has entered into an arrangement agreement with Superior Plus Corp., pursuant to which Superior has agreed to acquire all of the issued and outstanding common shares of Canexus for a value at announcement of approximately $1.70 per Canexus share, payable in common shares of Superior. Pursuant to the Arrangement Agreement, Canexus shareholders will receive 0.153 of a Superior share for each Canexus share, representing the equivalent of $1.70 per Canexus Share on the 20-day volume weighted-average-price of Superior shares. Canexus Corporation
shares T.CUS are trading up $0.285 at $1.47.
