🔴 Mercer International is trading 7.44% down in pre-market with no confirmed catalyst

Mercer International is trading at $0.23, down 7.44%, with no verified announcement explaining the November 5 pre-market decline.

• The move follows two sharply higher closes, including a 17.92% gain on November 4.
• The previously announced recapitalization would swap about $1.1 billion of debt for equity and add $400 million in new capital; it does not explain this move.
• Third-quarter results are scheduled after the November 5 close and were unavailable to explain pre-market trading.