Brief: Superior Plus To Acquire Certarus For $853 Mln

Superior Plus

22/12/2022 12:10

Dec 22 (Reuters) - Superior Plus Corp  SPB.TO :
    * SUPERIOR PLUS TO ACQUIRE CERTARUS, ADDING A HIGH ORGANIC
GROWTH
LOW CARBON CNG, RNG AND HYDROGEN DISTRIBUTION PLATFORM TO
SUPERIOR’S EXISTING ENERGY DISTRIBUTION BUSINESS
    * SUPERIOR PLUS CORP - PROPOSED DEAL FOR TOTAL ACQUISITION
VALUE
OF $1.05 BILLION
    * SUPERIOR PLUS CORP- CERTARUS SHAREHOLDERS WILL RECEIVE
$353
MILLION IN CASH AND $500 MILLION OF SUPERIOR COMMON SHARES
PRICED AT $10.25 PER SHARE
    * SUPERIOR PLUS CORP - TO ACQUIRE CERTARUS, REPRESENTING
EQUITY
VALUE OF $853 MILLION, ASSUME OUTSTANDING SENIOR BANK CREDIT AND
LEASES OF $196 MILLION

Source text for Eikon:  ID:nBw9hv2Ta 
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 ((Reuters.Briefs@thomsonreuters.com;))