INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Wausau Paper Corp. of Commencement of a Class Action Challenging the Fairness of the Sale of the Company to SCA -- WPP

NEW YORK, Nov. 05, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Wausau Paper Corp. stock prior to October 13, 2015.

You are hereby notified that a class action has been commenced in Wisconsin state court challenging the fairness of the sale of Wausau Paper Corp. (NYSE: WPP) to SCA for $10.25 in cash per Wausau Paper Corp. share. The claims concern whether the Board of Wausau Paper breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether SCA is underpaying for Wausau Paper shares, thus unlawfully harming Wausau Paper shareholders. To learn more about the action and your rights, go to:

http://zlk.9nl.com/wausau-paper-wpp

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.