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Verso CorporationNYSE
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  • 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.
    | Jan. 6, 2014, 9:44 AM
  • 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