Wausau Paper tries to fend off Starboard Value

|About: Wausau Paper Corp. (WPP)|By:, SA News Editor

Wausau Paper (WPP +0.1%) doesn't want to give a majority of its board to candidates nominated from Starboard Value.

Starboard, which already claims four of the nine board seats with its nominees, is pushing three more candidates.

Analysts thinks if Starboard wrestles control of the board away from company that it could push for a sale.