Mercer International Inc agreed to purchase Canada's Fibrek Inc in a deal that would value the kraft pulp producer at about C$170 million ($171.04 million), topping Abitibibowater Inc's bid. Mercer's C$1.30 a share offer represents a 15 percent premium to Fibrek's Thursday close.
Fibrek Inc. (Fibrek), formerly SFK Pulp Fund, is a producer and marketer of virgin and recycled kraft pulp. Shares of FBK remained unchanged at $1.13. On average, 0 shares of FBK.TO exchange hands on a given day and today's volume is recorded at 0.
Mercer International Inc. (Mercer) operates in the pulp business and is a producer of market northern bleached softwood kraft (NBSK) pulp. Shares of MERC remained unchanged at $8.25. In the past year, the shares have traded as low as $5.30 and as high as $15.27. On average, 247442 shares of MERC exchange hands on a given day and today's volume is recorded at 0.
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