Verso to Acquire NewPage for $1.4 Billion
Substantially deleveraged Verso better positioned to deliver long-term value for stakeholders in increasingly competitive industry.
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"We believe this agreement with Verso represents the best way forward for our stakeholders. A combined Verso and NewPage will be able to achieve greater efficiencies, which will enable it to serve clients with a high level of product quality and innovation," said George F. Martin, president and chief executive officer of NewPage. "Together we will have increased manufacturing efficiency, greater flexibility and an even more solid and capable platform."
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- Companies:
- NewPage Corporation
- People:
- David J. Paterson
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