| Fibrek agrees to friendly takeover |
Edmonton JournalFibrek had been seeking alternatives to an unsolicited insider bid made by AbitibiBowater Inc. last November that valued the company at $1 a share. Abitibi, one of Canada's oldest firms in the sector, now operates under the name Resolute Forest ...
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| Fibrek finds white knight in Mercer |
Montreal Gazette... and lumber giant Resolute Forest Products Inc. Vancouver's Mercer International Inc. Friday said it plans to bid $1.30 a share for Fibrek, up from the $1 a share Resolute (formerly AbitibiBowater) offered two months ago and has refused to sweeten.
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| Mercer International tops Abitibi's offer for Fibrek |
Reuters CanadaTO: Quote) for about C$170 million ($171.04 million), topping rival AbitibiBowater Inc's ABH.TO hostile bid by 30 percent. Mercer's first deal in five years comes at time when weak pulp demand has dragged wood pulp futures 11 percent in the last 12 ...
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| Mercer's C$170 million offer for Fibrek tops Abitibi bid |
Reuters CanadaTO: Quote) for about C$170 million ($171.04 million), topping AbitibiBowater Inc's ABH.TO hostile bid by 30 percent. Mercer's C$1.30 a share offer represents a 15 percent premium to Fibrek's Thursday close and will give the company access to three ...
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| Quebec takes sides in forestry battle by loaning Mercer to buy Fibrek |
StockhouseAlthough Mercer's bid tops the $130-million offer by Resolute Forest Products (TSX:ABH), the former AbitibiBowater, the maximum cash portion is identical at $70 million. Fibrek (TSX:FBK) had rejected the Resolute bid as too low and as an "insider" ...
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| Resolute Announces that Fibrek's Shareholder Rights Plan has been Cease Traded |
Bradenton Herald/PRNewswire/ - AbitibiBowater Inc., doing business as Resolute Forest Products ("Resolute") (NYSE: ABH) (TSX: ABH), today announced that the Bureau de décision et de révision (Québec) has ordered that all rights and securities issued or issuable under ...
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| Top Mergers Summaries |
Equities.comThe acquisition price has a 30% premium over the unsolicited bid by AbitibiBowater (ABH). ABH's bid was about C$130 mln or $130.62 mln. 2. Envestnet Acquired Prima Capital for $13.75 Mln; Shares Off 2% Boston, Feb 10, 2012 (MidnightTrader via COMTEX) ...
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