Mercer International Cancels Stock Offering
June 16, 2006 - Mercer International Inc. announced today that it has decided not to proceed with its previously announced public offering of its shares because of current market conditions.
The company had on May 22 announced plans to sell about 9 million common shares, with an option to increase the offering to 10.35 million shares to meet demand. Mercer planned to make the offering under its shelf registration statement filed with the U.S. Securities and Exchange Commission.
Mercer, with executive offices in Vancouver, British Columbia, is a global pulp and paper manufacturing company and operates three modern NBSK pulp mills in Germany and Canada with an aggregate annual production capacity of approximately 1.3 million tonnes.
SOURCE: Mercer International Inc.