Mercer (MERC) Approves $14.4M Buyback

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Swiss Water gets TSX nod to buy back up to 650,000 shares
• Collegium Pharmaceutical launches $50M accelerated share repurchase
• Carpenter Technology adds $1B share buyback after exhausting prior $400M plan