Resolute Applies to Cease Trade Mercer's Offer to Acquire Fibrek
AbitibiBowater Inc., doing business as Resolute Forest Products (ABH.TO), announced that it applied to the Bureau de decision et de revision (Quebec), the administrative tribunal with statutory jurisdiction in securities law and regulatory matters, for an order to cease trade the proposed offer by Mercer International Inc. (MRI-U.TO) to acquire all of the issued and outstanding common shares of Fibrek Inc. (FBK.TO). Fibrek and Mercer announced the offer on February 10. The Mercer cash and share bid of around $170 million tops a $130 million offer by Resolute, which has extended its offer to February 23.
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