Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global / North America
August 5, 2020
Mercer has made an offer to buy Klausner Lumber One
Canadian Mercer International submitted an offer in the ongoing bidding process for the Klausner Lumber One sawmill. The Asset Purchchase Agreement was signed by Chief Restructuring Officer (CRO) from Klausner Michael Freeman and Mercer CEO Jimmy Lee. Klausner's attorneys then filed an application to the responsible US Bankruptcy Court, District of Delaware, to name Mercer International a “stalking horse bidder” and to provide the group with certain bid guarantees for the proposed sale. The court has already approved the application and set a deadline of August 10 for objections to the ...
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