At Monadnock Paper Mills we are serious about supporting our world’s forests. That is why all Monadnock printing and packaging papers meet Forest Stewardship Council® (FSC) standards and bear the FSC logo. Technical/specialty paper grades may be manufactured to FSC standards upon request. (License Code: FSC C018866) FSC stands for the Forest Stewardship Council®. It is the world’s most trusted responsible forest certification. The FSC logo signifies that the wood or paper product or material originated from responsible sources including forests managed carefully with trees, animals, and local community benefit at heart. FSC stands against illegal logging and deforestation, stands up for rare and endangered species, for Indigenous Peoples’ rights and workers’ rights, and FSC meets high environmental standards. In fact, FSC is helping to achieve 40 targets under 14 of 17 of the United Nations (UN) Sustainable Development Goals (SDGs). FSC stands against illegal logging and deforestation, stands up for rare and endangered species, for Indigenous Peoples’ rights and workers’ rights, and FSC meets high environmental standards.
Verso Corporation (NYSE: VRS) today announced that its board of directors, as part of its ongoing efforts to maximize stockholder value, has formed a Strategic Alternatives Committee comprised of independent directors Eugene I. Davis, Alan J. Carr and Steven D. Scheiwe, with Mr. Davis serving as chairperson. The committee, with the assistance of Houlihan Lokey Capital, Inc., the company’s financial advisor, will lead Verso’s continuing efforts to identify and evaluate a range of potential strategic transaction alternatives, including the possible sale of some Verso mills, engage in discussions and oversee the due diligence process with parties potentially interested in transactions with the company, and recommend to the board whether any proposed transaction is in the best interests of the company and its stockholders.
“Verso is committed to exploring strategic transaction alternatives, and the committee will facilitate this process,” said Verso Chairman of the Board Rob Amen. “The committee is charged with proceeding expeditiously, but will evaluate alternatives carefully for their ability to provide superior value to Verso’s stockholders.”
There is no assurance that the review of strategic alternatives will result in any transaction or other strategic alternative. Verso does not intend to make any further disclosure concerning these matters until a definitive transaction agreement is reached or a determination is made that none will be pursued.