Wednesday, September 5, 2012

Verso Will Not Pursue NewPage Acquisition


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."