Mercer International Inc. Announces Exercise of Underwriters' Over-Allotment Option
February 22 2005 - 4:15PM
PR Newswire (US)
Mercer International Inc. Announces Exercise of Underwriters'
Over-Allotment Option NEW YORK, Feb. 22 /PRNewswire-FirstCall/ --
Mercer International Inc. ("Mercer" or the "Company")
(NASDAQ:MERCSNASDAQ:TSX:NASDAQ:MRI.U) announces that, in
conjunction with its previously announced sale of 9,416,196 Mercer
shares on February 14, 2005, the underwriters have exercised their
over-allotment option and purchased an additional 1,352,504 shares
of Mercer at a price of $8.50 per share. After commissions and
discounts, such sale resulted in proceeds to the Company of
approximately $10.9 million. Mercer Mercer is a pulp and paper
manufacturing company. Mercer operates three modern NBSK pulp mills
in Germany and Canada with a consolidated annual production
capacity of approximately 1.3 million tonnes. DATASOURCE: Mercer
International Inc. CONTACT: Jimmy S.H. Lee, Chairman &
President, +1-604-684-1099, or David M. Gandossi, Executive
Vice-President & Chief Financial Officer, +1-604-684-1099, both
of Mercer International Inc.; or Investors - Eric Boyriven, or
Media - Scot Hoffman, both of Financial Dynamics, +1-212-850-5600,
for Mercer International Inc. /First Call Analyst: Web site:
http://www.mercerinternational.com/
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