Bid for Verso Paper could stall proposal to buy closed Wisconsin Rapids mill

Industry News
Tools
Typography

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.”

Read more...

Source: Wisconsin Examiner

 

Legal Notice: Paper Advance is not responsible for the accuracy or availability of content on external websites.