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RFP - Mercer International falls 4% amid EU inspection of German operations
Resolute Forest Products Inc.
Mercer International (MERC -4.4%) said the European Union has opened a cartel investigation into the wood pulp sector and conducted inspections of major European pulp producers including the company's German operations. The company noted that it is cooperating with the investigation. Mercer's (NASDAQ:MERC) stock is down but its peers, Resolute Forest Products (NYSE:RFP), Neenah (NYSE:NP), Clearwater Paper (NYSE:CLW), are trading in the green.