Mercer International Inc. Expands Solid Wood and Extractives Operations
Mercer International Inc. (MERC)
Last mercer international inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
mercerint.com/investors
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Source: GlobeNewswire
NEW YORK, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it has entered into an agreement to acquire the Santanol Group, which owns and leases approximately 2,500 hectares of existing Indian sandalwood plantations and a processing and extraction plant in North West Australia. The proposed acquisition will expand the Company's operations to include plantation harvesting and the production of solid wood chemical extractives. Indian sandalwood is a highly prized species and its harvested wood is sold for religious and decorative uses in Asia. In addition, oil is extracted from the wood and processed and sold by Santanol for several uses, including fragrances and cosmetics. The proposed acquisition is subject to customary conditions, including, among others, receipt of requisite regulatory approval, and is expected to complete in or about the end of the third quarter of 2018. Mercer International Inc. is a global
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News
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- Mercer International Inc. (NASDAQ: MERC) had its price target raised by analysts at Raymond James from $8.50 to $10.50. They now have a "market perform" rating on the stock.MarketBeat
- Mercer Mass Timber Selected to Provide Sustainable Building Materials for the Theodore Roosevelt Presidential Library [Yahoo! Finance]Yahoo! Finance
- Mercer International Inc. Announces Conference Call for First Quarter 2024 ResultsGlobeNewswire
- 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