Supreme Court of Canada refuses to hear Fibrek and Mercer appeal
According to AbitibiBowater, doing business as Resolute Forest Products, the Supreme Court of Canada has refused to hear an appeal by Fibrek Inc. and Mercer International Inc. of the Québec Court of Appeal’s decision concerning Fibrek’s special warrants.
Accordingly, the order issued by the Bureau de décision et de révision (Québec) on February 23 is now final and non-appealable, and Fibrek’s dilutive private placement of 32,320,000 special warrants to Mercer is definitively cease traded.
On April 11, Resolute acquired 60,831,859 Fibrek shares, representing approximately 46.8% of those currently outstanding, and announced that it had extended the expiry time for its offer in order to allow additional Fibrek shareholders to participate. The offer currently expires at 5:00 p.m. (Eastern time) on April 23, 2012.
Source: Resolute Forest Products
- Supreme Court of Canada grants Fibrek's request
- Fibrek plans to file appeal for cease trade decision regarding Mercer International's proposed offer
- Battle for Fibrek: Quebec Court of Appeal sides with Resolute
- Fibrek and Mercer seek permission to appeal to the Supreme Court of Canada
- Mercer increases its bid for Fibrek
- Tomorrow the Supreme Court will rule on Grand Falls-Windsor clean-up responsbility
- Supreme Court decision: AbitibiBowater not responsible for environmental cleanup costs in Newfoundland and Labrador
- Battle for Fibrek continues. Who was at the secret meeting?