Mercer International Inc. Announces Decision in NAFTA Claim
Mercer International Inc. (MERC)
Last mercer international inc. earnings: 4/30 04:30 pm
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Source: GlobeNewswire
NEW YORK, March 06, 2018 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC) (TSX:MERC.U) ("Mercer" or the "Company") announces that it has received the decision of the tribunal in respect of its previously announced claim against the Government of Canada under the North American Free Trade Agreement ("NAFTA"). In a split decision, a majority of the tribunal ruled that it lacked jurisdiction to decide certain of the Company's claims under NAFTA and, with respect to the Company's other NAFTA claims, that they were highly complex and technical and that it would be inappropriate for the tribunal to re-determine matters calling for specialist judgment and, as a result, there was no violation of NAFTA. As is customary in these matters, the tribunal awarded costs to Canada of approximately $6.9 million. Mercer had initiated its NAFTA claim against the Government of Canada in January 2012. The claim related to the Company's investment in the Celgar mill and arose from the treatme
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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