Verso’s shareholders have approved BillerudKorsnäs’ acquisition of Verso
As earlier communicated, BillerudKorsnäs entered into a merger agreement with Verso Corporation (Verso) under which BillerudKorsnäs agreed to acquire Verso for a purchase price of approximately USD 825 million in cash. Verso is a leading producer of coated papers in North America with reported net sales for 2021 of USD 1 278 million and adjusted EBITDA of USD 223 million. At a special meeting of Verso’s shareholders held today, holders of the requisite majority of Verso’s outstanding shares of common stock voted to adopt the merger agreement and approve the transaction.