Mercer Receives Court Sales Order Approval To Acquire Structurlam Mass Timber Assets
Portfolio Pulse from Benzinga Newsdesk
Mercer has received Bankruptcy Court approval to acquire substantially all assets of Structurlam Mass Timber Corporation and its subsidiaries for $81.1 million, including production facilities in Arkansas and British Columbia. The transaction is subject to customary conditions and is expected to be completed shortly.
May 30, 2023 | 9:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mercer's acquisition of Structurlam Mass Timber assets for $81.1 million has been approved by the Bankruptcy Court, potentially expanding the company's production capabilities.
The acquisition of Structurlam Mass Timber assets will likely have a positive impact on Mercer's stock price in the short term. The approval by the Bankruptcy Court indicates that the transaction is moving forward, and the addition of production facilities in Arkansas and British Columbia could expand the company's production capabilities, potentially leading to increased revenues and growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100