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Connecticut Company Offers to Purchase Verso

By Mike Leischner Verso plant in Wisconsin Rapids. MWC photo by Mike Leischner WISCONSIN RAPIDS, WI (WSAU) — 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.

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