By Mike Leischner
Verso plant in Wisconsin Rapids. MWC photo by Mike Leischner
WISCONSIN RAPIDS, WI (WSAU) â A Greenwich, CT based holding company has reportedly made an offer to purchase Verso Corporation, though it remains unclear what the offer means for the idled paper mill in Wisconsin Rapids and a smaller facility that was shut down last year in Duluth.
The
Wisconsin Rapids Daily Tribune reports that Atlas Holdings LLC, which already owns a small stake in Verso, has filed paperwork valuing the company at $20 per share in cash. Verso officials have acknowledged the offer but made it known that this is only an opening offer and not a guarantee of a sale or further negotiations.