Mercer International Inc. Receives Court Sales Order Approval to Acquire Structurlam Mass Timber Assets [Canadian Business Journal (Canada)]
Mercer International Inc. (MERC)
Last mercer international inc. earnings: 4/30 04:30 pm
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Source: Canadian Business Journal
Selected Highlights:NEW YORK, May 0, 202 (GLOBE NEWSWIRE) — Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq: MERC) today announced that it has received applicable Bankruptcy Court approval of a sales order approving the acquisition of substantially all of the assets of Structurlam Mass Timber Corporation and its subsidiaries (“Structurlam”), including a production facility located in Conway, Arkansas (the “Conway Facility”) and production facilities in British Columbia, Canada, for $81.1 million, exclusive of a break fee and expense reimbursement, subject to customary adjustments. The transaction is subject to customary conditions and is expected to be completed shortly.The Conway FacilityThe Conway facility is a modern, state-of-the-art manufacturing facility that was built in 2021 and:British Columbia FacilitiesThe assets also include three facilities located in British Columbia, Canada with a combined annual capacity of approximately 40,000 mGlulamThe transaction will
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MERC
News
- Shareholders in Mercer International (NASDAQ:MERC) have lost 32%, as stock drops 10% this past week [Yahoo! Finance]Yahoo! Finance
- Mercer International Inc. (NASDAQ: MERC) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Mercer Mass Timber Launches Mass Timber Installation Services [Yahoo! Finance]Yahoo! Finance
- Mercer International Inc. (NASDAQ: MERC) had its price target raised by analysts at Royal Bank of Canada from $9.00 to $10.00. They now have a "sector perform" rating on the stock.MarketBeat
- Jimmy Lee Appointed As Chairman Emeritus Of Mercer International Inc. [Financial Post (Toronto, Ontario, Canada)]Financial Post
MERC
Earnings
- 2/15/24 - Miss
MERC
Sec Filings
- 2/27/24 - Form 8-K
- 2/16/24 - Form 4
- 2/16/24 - Form 4
- MERC's page on the SEC website