Verso Ends Business Combination Discussions with NewPage
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Verso Paper Corp., Memphis, Tenn., USA, this past week announced that it has decided to cease further discussions with NewPage Corp., Miamisburg, Ohio, or its creditors regarding a potential business combination. Verso President and CEO David Paterson said that "after careful analysis, we believe it is in the best interests of our company and its stakeholders to focus on the many other opportunities for Verso, including internal growth projects and other potential strategic alternatives."
Verso is a producer of coated papers, including coated groundwood and coated freesheet, and specialty products. Its paper products are used primarily in media and marketing applications, including magazines, catalogs, and commercial printing applications such as high-end advertising brochures, annual reports, and direct-mail advertising.
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