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Mercer International Provides Update on Offer for Fibrek; Court Granted Ribrek’s Expedition Request

Courtesy of Benzinga.

Mercer International Inc. (Nasdaq: MERC) announced that the Bureau de décision et de revision has issued a cease trade order against the previously announced shareholder rights plan adopted by Fibrek Inc. on April 11, 2012.

Jimmy S.H. Lee, Mercer’s Chairman and Chief Executive Officer, stated: “We are disappointed with the decision of the Bureau, which we believe inhibits Fibrek shareholders from receiving the higher consideration under our offer for all of the outstanding common shares of Fibrek. Despite the decision, we are continuing with our Offer and plan to mail a notice of change, variation and extension respecting the increased Offer to Fibrek shareholders on or before April 13, 2012.”


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