03:25 PM EST - Superior Plus Corp. : said that one of its wholly-owned units has entered into a Stock Purchase Agreement to acquire Griffith Holdings, Inc., a retail and wholesale distributor of retail propane, heating oil and motor fuels in upstate New York for an aggregate purchase price of $125 million U.S. before adjustments for working capital. The company stated that closing of the acquisition is subject to customary regulatory and commercial closing conditions and is anticipated to be completed by end of day, January 20, 2010. Superior Plus Corp.
shares T.SBP are trading down $0.60 at $14.23.
