Swaraj Chowdhury, CFA
Jan. 6, 2014, 9:44 AM
- 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.
Sep. 5, 2012, 8:38 AM
Verso Paper (VRS) says it has ended discussions with NewPage Corp. or its creditors about a potential business combination of the makers of coated paper.| Sep. 5, 2012, 8:38 AM
Jul. 3, 2012, 10:19 AM
Verso Paper (VRS +72.6%) says it’s held discussions about a potential business combination involving NewPage Corp. in a proposed transaction valued at more than $1.43B. Bankrupt NewPage says its 2011 net sales totaled $3.5B; it owns paper mills in six states with combined production capacity of ~3.5M tons/year.| Jul. 3, 2012, 10:19 AM