Raymond James

Highlights: Fibrek and Mercer agree to a board supported take-over bid. Fibrek shareholders may elect to receive C$1.30 in cash, 0.1540 Mercer shares, or C$0.54 in cash plus 0.0903 Mercer shares, per Fibrek share, subject to maximum aggregate cash and share consideration of C$70 million and 11,741,496 Mercer shares, respectively. The offer will represent a premium to Fibrek's shareholders of 30% over the unsolicited insider bid by AbitibiBowater Inc. (Resolute Forest Products) and 81% over the closing price of the Fibrek shares on the date of announcement of such bid. The proposed acquisition is in line with Mercer's strategic focus on world-class production assets, producing high quality pulp. NEW YORK, Feb. 10, 2012 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (TSX:MRI.U) ("Mercer") announced today that it has entered into a support agreement (the "Support Agreement") with Fibrek Inc. ("Fibrek") for ...