Verso's shareholders approve BillerudKorsnas' acquisition of Verso for purchase price of US$825M in cash; transaction is expected to close in late March or April, subject to satisfaction of customary closing conditions and regulatory approvals

Sample article from our Pulp & Paper Industry

March 11, 2022 (press release) –

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.

BillerudKorsnäs expects the transaction to close in late-March or April of 2022, subject to the satisfaction of customary closing conditions, including the receipt of remaining regulatory approvals from the U.S. Nuclear Regulatory Commission and the Public Service Commission of Wisconsin.

For more information, please contact:
Ivar Vatne, CFO, +46 8 553 335 07
Lena Schattauer, Head of Investor Relations, +46 8 553 335 10

This information was submitted for publication, through the agency of the contact persons set out above, at 17.30 CET on 11 March 2022

Forward-looking statements
This press release contains forward-looking statements that reflect BillerudKorsnäs’ current expectations and views of future events and developments, including statements relating to the expected timing of closing of the proposed transaction and satisfaction of closing conditions. The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including BillerudKorsnäs’ most recent annual and quarterly reports available at and Verso’s most recent annual report on Form 10-K, quarterly report filed on Form 10-Q, and reports filed on Form 8-K, and any other documents that BillerudKorsnäs or Verso has made publicly available or Verso has filed with the SEC, respectively. Any forward-looking statements made in this release are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, us or our business or operations. Except as required by law, BillerudKorsnäs undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Pulp & Paper Industry Coverage
See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order pulp & paper industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.