Bid for Verso Paper could stall proposal to buy closed Wisconsin Rapids mill

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A preliminary offer to buy out Verso Paper has brought new uncertainty to an effort by timber-industry businesses that have formed a cooperative to buy Verso’s shuttered Wisconsin Rapids plant and reopen it.

Verso confirmed Wednesday that it has been offered $20 a share by Atlas Holdings LLC, but the company said it would not comment on the unsolicited bid “until it is appropriate to do so or a formal agreement has been reached.”


Source: Wisconsin Examiner


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