News For MERC From The Last 14 Days Check below for free stories on MERC the last two weeks.
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February 13, 2012
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| 17:03 EDT |  | MERC |
| theflyonthewall.com: | Resolute applies to cease trade Mercer's offer to acquire Fibrek | | AbitibiBowater Inc., doing business as Resolute Forest Products (ABH), announced that it applied to the Bureau de d cision et de r vision , the administrative tribunal with statutory jurisdiction in securities law and regulatory matters in Quebec, for an order to cease trade the proposed offer by Mercer International (MERC) to acquire all of the issued and outstanding common shares of Fibrek Inc. Fibrek and Mercer announced the offer on Feb. 10. In its application, Resolute requested that the Bureau exercise its public interest jurisdiction to cease trade the offer on the basis, among other things, that it includes an improperly discounted and dilutive private placement of warrants and an unreasonable break fee. Resolute requested that the Bureau hear its application on an expedited basis, and will argue that these measures are unlawful and inappropriate defensive measures to Resolute's offer. On Feb. 9, the Bureau rendered an order to cease trade Fibrek's tactical poison pill effective as of 3:00 p.m. today. :theflyonthewall.com |
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February 10, 2012
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| 09:03 EDT | | MERC |
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