June 6 (Reuters) - Mercantile Investment Company Ltd MVT.AX :
* UNIT ENTERED INTO A MERGER IMPLEMENTATION AGREEMENT WITH IPE LIMITED
* MERCANTILE INVESTMENT -UNIT ENTERED MERGER IMPLEMENTATION AGREEMENT WITH IPE TO ACQUIRE 100% OF FULLY PAID ORDINARY SHARES OF IPE NOT ALREADY HELD
* OFFER IS UNANIMOUSLY RECOMMENDED BY BOARD OF IPE IN ABSENCE OF A SUPERIOR OFFER