Superior will receive the equivalent of C$420 million from a U.S. company for its construction products division
Superior Plus Corp. (TSE:SPB) is selling its construction products business to a U.S. company for the equivalent of C$420 million.
The US$325-million agreement was announced Tuesday by Toronto-based Superior, a few days after the collapse of a proposed takeover of Canexus Corp., a Calgary-based chemical company.
Superior Plus has a diversified business in three industries, including propane distribution and specialty chemicals.
Read the full article at: ca.finance.yahoo.com
