Business
Mercer International Inc. Comments on Mass Financial Corp.
NEW YORK, Jan. 17 /CNW/ -- Mercer International Inc. (Nasdaq: MERC, TSX: MRI.U) ("Mercer" or the ...
About this update from Mercado Minerals Ltd.
[{"type":"text","content":"\n\n\n\nNEW YORK, Jan. 17 /CNW/ -- Mercer International Inc. (Nasdaq: MERC, TSX:\nMRI.U) ("Mercer" or the "Company") provided the following response to recent\npress releases by or on behalf of Mass Financial:\n\n\nMercer's board has always maintained an open dialogue with all\nshareholders. The Company has a strong and independent board, with six of its\nseven directors being independent. The Company's independent directors are\nhighly experienced and include persons with broad and extensive experience in\nthe capital markets and forest products segment, including as former CEOs of\npublic forest products companies, a former CEO of a leading Canadian\ninvestment bank, a fund manager and former accounting professionals. Further,\nthe Company's CEO and independent directors all have meaningful share\npositions and their interests are aligned with those of other shareholders.\n\n\nThe Company and its board are fully committed to advancing its business\nand to its strategy of focusing on the production and sale of NBSK market\npulp, operating world-class production facilities and constantly focusing on\nincreasing efficiencies and reducing costs to drive value. The Company\nbelieves that it has the right strategic plan and that it is well positioned\nto achieve these goals and deliver superior shareholder value over the medium\nand long-term. Additionally, the Company's board has and is always prepared to\nconsider bona fide value-enhancing proposals.\n\n\nThe Company disagrees with the statements in the Mass press releases,\nbelieves many to be inaccurate and that they merely reiterate a December 10,\n2007 letter from Mass. The Company's independent directors met and duly\nconsidered such letter and replied thereto by letter dated December 18, 2007.\nCopies of the Company's response letter and the Mass letter are included in\nthe Company's Form 8-K dated December 18, 2007 and available at www.sec.gov\nand at www.mercerint.com.\n\n\nAbout Mass\n\n\nMass is a Barbados company headquartered in China, traded on the "pink\nsheets" in the United States, not listed for trading on any exchange and not\nsubject to the reporting requirements or securities laws of the United States.\nMass was spun off from its parent, KHD Humboldt Wedag International Ltd.\n("KHD") (NYSE: KHD) (formerly called MFC Banco...