- Verso Paper (VRS +276.9%) buys NewPage in a deal valued at $1.4B.
- Execs with the company say the acquisition makes strategic sense as it will help Verso become more efficient and help drive innovation.
- The merger is expected to create $175M in cost synergies within the first 18 months after the transaction closes.
Verso buys NewPage in $1.4B deal
Jan 6 2014, 09:44 ET