West Fraser and Mercer Announce Dissolution of Cariboo Pulp and Paper Joint Venture [Yahoo! Finance]
Mercer International Inc. (MERC)
Last mercer international inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
Ltd. ("West Fraser") (TSX and NYSE: WFG) and Mercer International Inc. ("Mercer") (NASDAQ: MERC) announced today an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper. West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company. Located in Quesnel, British Columbia, Cariboo Pulp and Paper has the capacity to produce up to 340,000 tonnes of high-quality Northern Bleached Softwood Kraft (NBSK) pulp annually, employing nearly 300 people. “Cariboo Pulp is an important member of the West Fraser family of mills," said Sean McLaren, West Fraser's President & CEO. "This agreement better positions West Fraser to support the mill and provides ongoing certainty to our talented workforce." Commenting on the agreement, Juan Carlos Bueno, Mercer CEO, said: "We acquired our non-core interest in Cariboo Pulp as a result of our acquisition of the Mercer Peace River mill in 2018. After reviewing this asset in light of o
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News
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- Mercer International Inc. (NASDAQ: MERC) had its price target raised by analysts at TD Securities from $10.00 to $10.50. They now have a "hold" rating on the stock.MarketBeat
MERC
Earnings
- 2/15/24 - Miss
MERC
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- 4/2/24 - Form 8-K
- MERC's page on the SEC website