09:58 AM EST - Superior Plus Corp. : Announced today that its subsidiary, Superior Plus LP, has entered into a definitive agreement with Birch Hill Equity Partners to sell its Specialty Chemicals business for total consideration of $725 million. Under the terms of the Transaction, Superior will receive $600 million in cash proceeds from Birch Hill, and $125 million in the form of a 6% unsecured note issued by an affiliated entity of Birch Hill that is acquiring Specialty Chemicals. Superior Plus Corp.
shares T.SPB are trading up $0.57 at $13.67.
