05:33 PM EDT, 04/02/2024 (MT Newswires) -- West Fraser Timber ( WFG ) agreed to acquire Mercer International's ( MERC ) stake in the 50-50 joint venture, Cariboo Pulp and Paper, the companies said Tuesday.

No termination fees or other amounts are applicable, but Mercer expects to recognize a non-cash impairment in the first quarter, the companies added.

Mercer will retain a finished product inventory in connection with the transaction.

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