The buyer, Pennsylvania-based Pixelle Specialty Solutions, also purchased a Verso-owned mill in Wisconsin.
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Verso shareholders approve sale of Jay mill
The paper company offloaded two paper mills, one in Maine and another in Wisconsin, to a privately held specialty paper company.
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Posted inBusiness, Local & State, News
Verso, investors reach agreement on sale of Jay mill
The paper company and a shareholder group have agreed to move ahead with a $400 million deal to sell the company’s mills in Maine and Wisconsin.
Posted inBusiness, Local & State, News
Verso urges shareholders to approve sale of 2 mills, including 1 in Maine
The company has been in a dispute with 2 dissident shareholders, private equity firms Atlas Holdings and Blue Wolf Capital Partners, which oppose the sale of the mills and back their own slate of directors for Verso’s board.
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Investor takeover could ‘derail’ sale of Jay mill, Verso board claims
Three board members nominated by an investment group could pave the way for a merger with another paper company, the company’s board of directors warns shareholders.
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Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.
Posted inBusiness, News
Jay community, loggers hopeful that paper mill’s sale means success
Town officials, others look forward to more prosperity for the 500 employees and others.