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Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: mercerint.com/investors
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 Show less Read more
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