The saga between Starboard Value and Wausau Paper (WPP) takes another twist as two board...

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

The saga between Starboard Value and Wausau Paper (WPP) takes another twist as two board members, thought to be loyal to Starboard, side with the rest of the board in backing the decision to review strategic alternatives for one the company's key businesses. If the development is an indication Starboard has lost the support of the pair, then its bid to elect three more nominees to the 8-person board looks quite a bit less threatening.