Mercer International to buy Fibrek for about C$170 million

Fri Feb 10, 2012 8:06am EST
 
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(Reuters) - Mercer International Inc MRIu.TO agreed to buy Canada's Fibrek Inc FBK.TO in a deal that would value the kraft pulp producer at about C$170 million ($171.04 million), topping Abitibibowater Inc's ABH.TO bid.

Mercer's C$1.30 a share offer represents a 15 percent premium to Fibrek's Thursday close.

($1 = 0.9939 Canadian dollars)

(Reporting by Aftab Ahmed in Bangalore; Editing by Supriya Kurane)