# Chemtrade Logistics acquires Canexus for $900 million

Chemtrade Logistics Income Fund struck a friendly all-cash deal to buy Canexus Corp. for $900 million including debt, after a previous hostile bid.

- Type: Acquisition
- Announced: 2016-12-16
- Where: Canada
- Value: $900.0M
- Status: announced
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Chemtrade Logistics Income Fund](https://endata.com/companies/20817.md) (acquirer)
- [Canexus Corp.](https://endata.com/companies/20818.md) (target)

## Sources

- [financialpost.com](https://financialpost.com/news/chemtrade-strikes-friendly-900-million-deal-with-canexus-after-hostile-bid-was-spurned/), 2016-12-16: "Chemtrade and Canexus announced Thursday night a negotiated all-cash deal worth $900 million including debt, two months after Chemtrade launched a hostile takeover for the Calgary-based chemical manufacturing company on Oct. 4."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.