The Fibrek Inc. Board of
Directors continues to recommend that shareholders TENDER to the superior $1.40
offer made by Mercer International Inc., which will be open
for acceptance until 11:59 on April 27, 2012. As of April 11, almost 25% of Fibrek shares had already been tendered to
Mercer's superior offer, representing approximately half of Fibrek's minority
shareholders.
Separately, it was reported that AbitibiBowater Inc., doing business as Resolute Forest Products, today
announced that it has taken up and accepted for payment 2,664,351 additional
shares of Fibrek Inc... Resolute holds
approximately 48.8% of the currently outstanding Fibrek shares.
