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
Jul. 3, 2012, 10:19 AMVerso 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. | Comment!
VRS vs. ETF Alternatives
Verso Corp is a producer of printing papers, specialty papers and pulp. Its printing papers are designed for commercial printing, and media and marketing applications. Its specialty papers are used for flexible packaging and technical paper applications.
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