FONT-SIZE Plus   Neg

Mercer Extends Expiry Date Of Offer For Fibrek Shares

Fibrek Inc. (FBK.TO) announced that Mercer International Inc. has extended the expiry date of its superior offer to acquire all of the issued and outstanding common shares of Fibrek to April 16, 2012.

Fibrek said its board has recommended shareholders to reject and not tender their common shares to Abitibi's $1.00 unsolicited insider bid.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months. Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing...
comments powered by Disqus
Follow RTT