Verso Corporation (NYSE: VRS) (“Verso”) today announced it has received necessary approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin to complete its previously announced merger with BillerudKorsnäs AB (“BillerudKorsnäs”). Verso has now received all regulatory approvals necessary to complete the merger.
The transaction is expected to close on March 31, 2022.
https://investor.versoco.com/2022-03-29-Verso-Receives-All-Regulatory-Approvals-Necessary-to-Proceed-with-Closing-of-Merger-with-BillerudKorsnas-AB
Related Posts
Total European shipments of graphic papers in April 2022 were down 14.8% vs. April 2021 and year-to-date shipments were down 8.8%. Total European shipments of newsprint in April 2022 were down 10.5% vs. April 2021 and year-to-date shipments were down 5.4%. Total European shipments of sc-magazine in April 2022 were down 16.5% vs. April 2021 and year-to-date shipments were down 9.6%. Total European shipments of coated mechanical reels in April 2022 were down 27.6% vs. April 2021 and year-to-date shipments were down 18.8%. Total European shipments of uncoated mechanical (improved & others) in April 2022 were down 14.1% vs. April 2021 and year-to-date shipments were down 10.0%. Total European shipments of coated woodfree in April 2022 were down 1.6% vs. April 2021 and year-to-date shipments were UP 2.4%. Total European shipments of uncoated woodfree in April 2022 were down 17.3% vs. April 2021 and year-to-date shipments were down 11.5%.
Polar® Transit Air - With excellent opaque characteristics, the 3.2 mil (80μ) premium, matte white polymeric self-adhesive PVC Polar® Transit Air is suitable for smooth, flat or simple curve surfaces such as sports arena boards, commercial vehicles and indoor and outdoor display signage. As well as incorporating Drytac’s bubble-free technology for an easy install, it has a removable pressure-sensitive adhesive that allows for field installation in cold weather without the need for wet application techniques. Polar® Smooth 150 Air - This 6-mil (150μ), self-adhesive white polymeric printable matte PVC film with removable bubble-free air egress adhesive technology is designed for graphics that need to be easily installed and removed without the need for lamination. It is suitable for numerous applications such as temporary construction hoardings, point of sale applications, interior décor applications – including the installation of graphics onto windows, walls, melamine and glass – as well as most other flat or simple curve surfaces. Dimensionally stable, Polar® Smooth 150 Air is phthalate-free, can be applied without stretching or tearing, and is cleanly removable. It is coated with a pressure-sensitive, removable aqueous acrylic adhesive protected by a 90# PE coated kraft bubble free release paper.
Resolute Forest Products Inc. announced the indefinite idling of pulp and paper operations at its Calhoun (Tennessee) mill. Tissue manufacturing and converting will continue at the site and the adjacent distribution center will remain in full operation. The company anticipates that the decision will directly affect 350 hourly and salaried positions at the Calhoun mill. The facility, which employs a total of 545 people, has an annual capacity of 147,000 metric tons of pulp and 149,000 metric tons of paper as well as 60,000 metric tons of premium tissue. "We have taken the very difficult decision to indefinitely idle pulp and paper operations at Calhoun knowing how hard this is for the affected employees and their families," said Remi G. Lalonde, president and chief executive officer. "Success has proved elusive at Calhoun's pulp and paper operations, despite the best efforts of our dedicated employees and significant investments of time, energy and resources over the last few years." The company continues to accumulate significant financial losses at the mill, even with the current strong market conditions for both the pulp and uncoated freesheet paper it manufactures.