Market Overview

Verso Paper Corp. Announces That It Has Ended Discussions Regarding Potential Business Combination With NewPage Corporation

Verso Paper Corp. (NYSE: VRS) announced today that it has decided to
cease further discussions with NewPage Corporation or its creditors
regarding a potential business combination. Verso President and CEO
David Paterson commented, "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."

About Verso

Based in Memphis, Tennessee, Verso Paper Corp. is a leading North
American producer of coated papers, including coated groundwood and
coated freesheet, and specialty products. Verso's paper products are
used primarily in media and marketing applications, including magazines,

See full press release

Posted-In: News Guidance M&A

 

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