Committee Established by Shareholders to Increase Value of Pulp Producer, Mercer International Inc.

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[{"type":"text","content":"\n\n\n\nHONG KONG, Jan. 14 /CNW/ -- Mass Financial Corp. ("Mass") announces today\nit is the founding member of a shareholders committee ("Committee") to create\nchange and increase shareholder value at Mercer International Inc. ("Mercer")\n(Nasdaq: MERC, TSX: MUI.U)\n\n\nThe mandate of the Committee will be to unlock the value of the Mercer's\ncommon shares by requesting drastic corporate changes within Mercer, and to\neither have the company sold or create a joint venture with a strategic\ninvestor to realize the highest value for the shareholders.\n\n\nMichael Smith, President of Mass, commented, "We have already received\nvery encouraging comments from other concerned Mercer shareholders, as well as\nnumerous inquiries from all over the world; and some of these shareholders\nhave now joined the Committee."\n\n\nThis type of action would not be necessary if Mercer was transparent and\nresponsive to its shareholders, true corporate governance has to be in\nquestion. We have officially asked several of the Mercer directors and its\nVice-Chairman to make some fundamental changes in the company. The response we\nreceived was a letter written by Mr. H. Sangra, Mercer's top lawyer, but\nsigned as if it was the Vice Chairman' words. Why cannot they be just\nstraight forward?\n\n\nMass may increase its share ownership in Mercer in conjunction with\nothers, or directly by open market purchases. It will fund the Committee in\norder to pay their professional consultants and advisors.\n\n\nAbout Mercer\n\n\nMercer is the largest publicly traded NBSK pulp manufacturing company in\nthe world. To obtain further information on Mercer, please visit its website\nat http://www.mercerint.com and review the company's 8-K filing dated December\n18, 2007.\n\n\nAbout Mass\n\n\nMass and its affiliated companies are engaged in global investments,\nmerchant banking, trading activities and medical supply and service.\n\n\n Contact information: Suite 803, 8/Fl, Dina House\n Ruttonjee Centre\n 11 Duddell Street\n Central, Hong Kong\n SAR, China\n\n\n Tel: (852) 2840-1230\n Fax: (852) 2840-1260\n Email: [email protected]\n\n\n","length":2526,"tagName":"div"}]

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