Mercer (MERC) Approves $14.4M Buyback
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Mercer International Inc. (Nasdaq: MERC) announced that its Board of Directors has re-authorized the Company's share repurchase program to allow for the repurchase of up to approximately $14.4 million of the Company's outstanding shares of common stock over the next 12 months. As of the date hereof, the Company has repurchased a total of approximately $10.6 million shares of its common stock in connection with the previous $25.0 million share repurchase program authorized by its Board of Directors in August 2011.
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