Verso Corporation (VRS) approached by Atlas Holdings

  • July 14, 2021

POTENTIAL DEAL DETAILS

StockVerso CorporationSymbolVRS
Date Announced07/12/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person BillerudKorsnäs AB
Date of Confirmation: 12/19/2021Price at Confirmation: $27.04
Potential Profit: 42.02%Annualized Profit: 95.85%

Atlas Holdings disclosed a preliminary, non-binding offer of $20/share for Verso Corporation (VRS).

Update(s):

December 19, 2021: Verso Corporation (VRS) announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million.

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