Mercer International is trading 10.67% down at $0.22 after mixed third-quarter results and continued focus on restructuring. - The company reported $440.7 million in revenue and a $59.2 million net loss; a report said shares fell 8.14% in after-hours trading following the release. - The proposed recapitalization would exchange about $1.1 billion of debt for equity and provide $400 million in new capital. - It would leave existing shareholders with a limited stake, weighing on the outlook for current equity holders.