Mercer International Decides Not to Proceed With Share Offering as a Result of Current Market Conditions
June 16 2006 - 7:45AM
PR Newswire (US)
NEW YORK, June 16 /PRNewswire-FirstCall/ -- Mercer International
Inc. (Nasdaq: MERC; TSX: MRI.U) announced today that it has decided
not to proceed with its previously announced public offering of its
shares because of current market conditions. Mercer Mercer 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. The
preceding includes forward looking statements which involve known
and unknown risks and uncertainties which may cause the Company's
actual results in future periods to differ materially from
forecasted results. Among those factors which could cause actual
results to differ materially are the following: market conditions,
competition, construction and equipment performance risks and other
risk factors listed from time to time in the Company's SEC reports.
DATASOURCE: Mercer International Inc. CONTACT: David M. Gandossi,
Executive Vice-President & Chief Financial Officer,
+1-604-684-1099; or Investors: Eric Boyriven, or Media: Scot
Hoffman, both of Financial Dynamics, +1-212-850-5600 Web site:
http://www.mercerinternational.com/
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