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Mercer invests roughly €40m in Stendal

22.02.2012 − 

In the first few weeks of 2012, and in connection with a planned extension of pulp and energy production, the pulp producer Mercer International announced extensive investments at its Stendal site and a takeover offer for the Canadian pulp producer Fibrek. The takeover offer for all Fibrek shares, which was announced on 10 February 2012, offers shareholders three possibilities. They can either receive Can$ 1.30 per share in cash, equivalent remuneration in the form of Mercer shares in the ratio 0.154:1 or Can$ 0.54 in cash plus Mercer shares in the ratio 0.903:1. The takeover sum implied by the Mercer offer totals roughly Can$170m and is therefore 30% above the offer of Can$1/share made to Fibrek shareholders by Resolute Forest Products, formerly AbitibiBowater, at the end of November 2011.

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