Mercer Offer for Fibrek Expires
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Mercer International Inc., New York, N.Y., USA, reports that its offer for all of the common shares of Fibrek Inc. expired on April 27. The Offer was conditioned upon, among other things, at least 50.1% of the outstanding Fibrek Shares, on a fully-diluted basis, having been tendered there-under, which was not met as of the Expiry Time. Accordingly, Mercer and MERC Acquisition Inc. will not acquire any Fibrek Shares that were tendered under the offer.
The company adds that the support agreement between Mercer and Fibrek dated February 9, 2012, as amended, has thus been terminated. All Fibrek Shares that were previously tendered under the offer and not withdrawn will be returned promptly.
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