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
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Germany’s biggest amusement park, Europa‐Park, as begun using the innovative Blue4est® Thermal Paper of Koehler Paper. It’s also marketed under the name “Ökobon” in Germany. The blue receipt paper is durable, sustainable, recyclable and guaranteed to be free of chemically reactive components. Although fun and variety are the main focus at Europa‐Park, the family‐run enterprise that employs just under 4,450 people attaches enormous importance to sustainability as well. Using the blue Koehler receipt paper is one of the ways in which Europa‐Park is taking its customers’ interest in increased sustainability seriously. In most cases, traditional receipt paper cannot be disposed of as wastepaper, but is sorted into residual waste instead. This is not the case with the blue Thermal Paper from Koehler that Europa‐Park has been using at its 600 cash registers since August of this year.
Mativ Holdings, Inc. announced the appointment of Shruti Singhal, current member of Mativ’s Board of Directors, as President and Chief Executive Officer, effective today. Mr. Singhal succeeds Julie Schertell, who has stepped down as President and Chief Executive Officer, and as a director. Mr. Singhal brings extensive expertise leading transformations through strong operational and commercial execution, profitability initiatives, and driving innovation. He previously served as CEO of Galata Chemicals and Chroma Color, and has held roles of increasing responsibility at global businesses including DSM, General Cable, Solenis, Ashland, The Dow Chemical Company, Rohm and Haas, Cognis (now BASF) and Henkel. “Mativ has a strong core business with innovative and differentiated specialty materials products and strategic initiatives in place to enhance profitability and drive growth,” said Dr. Kimberly E. Ritrievi, Chair of the Board of Directors. “We recognize the need to accelerate the pace of execution, lower costs, improve cash flow and reduce leverage. Shruti brings decades of experience leading corporate turnarounds and a track record of driving strong financial and operating performance in global industrial organizations. We are confident Shruti is the right person to drive the business forward with urgency and ensure the Company reaches its full potential.”
The Board of BillerudKorsnäs has decided to exercise the authorization granted to it by the Annual General Meeting on 10 May 2017, regarding repurchase of own shares. At the time of this press release, BillerudKorsnäs has 948,476 own shares in treasury. Repurchases may take place on one or more occasions during the period from 12 September 2017 until the next Annual General Meeting, up to a maximum amount of 314,690 shares. Repurchases shall be made on Nasdaq Stockholm at a price per share that is within the registered interval at any given time, i.e. the interval between the highest buying price and lowest selling price. Payment for the shares shall be made in cash. The purpose of the repurchase is to secure future delivery of shares to the participants in BillerudKorsnäs’ long term share based incentive programmes.