A preliminary offer to buy out Verso Paper has brought new uncertainty to an effort by timber-industry businesses that have formed a cooperative to buy Verso’s shuttered Wisconsin Rapids plant and reopen it.
Verso confirmed Wednesday that it has been offered $20 a share by Atlas Holdings LLC, but the company said it would not comment on the unsolicited bid “until it is appropriate to do so or a formal agreement has been reached.”
Source: Wisconsin Examiner
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