Flambeau River Papers Announces Price Increase

Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium. The preliminary proxy statement provides detailed disclosure regarding, among other things, the robust process overseen by the Special Committee, the Special Committee's consideration of indications of value, the fairness opinion received from Rothschild & Co., its financial advisor, regarding the merger consideration and the analysis underlying that opinion, the Special Committee's efforts to seek the best price reasonably available for stockholders, and the Board and the Special Committee's rationale for accepting BillerudKorsnäs' offer as being in the best interests of stockholders.

Our Sawmills Division has recently completed a $4.9 million investment at the Kedgwick Sawmill. The modernization has meant work for nearly 60 contractors from other small communities from Bathurst to Edmundston. "This modernization will make our mill more efficient; processing the same logs and achieving more lumber and improved quality for our customers. Continued investment is what helps sustain over 100 good paying jobs in the community," says Jean-Sebastien Roy, Mill Manager at the Kedgwick Sawmill. The additional production by the new sawline will allow us to increase the volume of Premium Lumber, which is produced for North America's leading home improvement stores. Wood chips that are a by-product of the sawmill go to New Brunswick pulp and paper mills to help make paper and tissue products.

“We have been making offset since 2010 and lightweight opaques since 2013,” explains Jim Bird, Appleton Coated’s uncoated product manager, “and our uncoated products have an excellent reputation with our customers.” Bird continues, “The Swatchbook is a tool that showcases the grades and is an extension of the brand’s continued growth in the market.” “The Offset section of the book features a comparison of 100% Post-Consumer Recovered Fiber (PCRF) Offset, 30% PCRF Offset, and Virgin Fiber Offset to showcase the printed and unprinted excellence of these three offerings.” Bird continues, “Customers are remarking that our sustainable options are virtually indistinguishable from their virgin counterparts. A notable benefit of the book is that every grade and basis weight shown in the book features printed and unprinted examples.” Click Read More below for additional detail.