Verso Corporation (NYSE: VRS) (“Verso” or the “Company”) urges stockholders to vote TODAY “FOR” the Company’s pending sale of its Androscoggin and Stevens Point mills to Pixelle Specialty Solutions LLC (the “Pixelle Transaction”) and “FOR” ALL Verso’s highly qualified director nominees on the WHITE proxy card. If you have already returned a Blue proxy card, you can change your vote by voting on the WHITE proxy card TODAY by telephone or by Internet. Only your latest-dated proxy card will be counted.
Verso’s 2019 Annual Meeting of Stockholders will be held on January 31, 2020. It is imperative that stockholders vote as soon as possible.
By voting on the Company’s WHITE proxy card, you will be voting FOR:
Return of Net Proceeds from the Pixelle Transaction to Stockholders in an Aggregate Amount of Up to $282 Million and Not Less Than $225 Million
Highly Qualified, Conflict-free, Diverse and Refreshed Slate of Director Nominees Best Suited to Oversee Verso’s Strategy
Verso’s Stock Price Outperformance versus Its Peer Group and Russell 2000 Composite Index, with 49% Appreciation over the Last Three Years, versus 37% and 33%, respectively
Debt-Free, Streamlined Company With Low SG&A Expense and Strong Operating Cash Flow
VOTE “FOR” THE PIXELLE TRANSACTION AND “FOR” ALL VERSO’S DIRECTOR NOMINEES ON THE WHITE PROXY CARD TODAY
Verso encourages stockholders to vote for continued value creation, the Pixelle Transaction, and Verso’s exceptionally qualified director nominees. The best choice for stockholders is clear. The Verso Board of Directors (the “Board”) unanimously recommends that stockholders vote “FOR” ALL Verso’s nominees and “FOR” the approval of the Pixelle Transaction on the WHITE proxy card TODAY.
In contrast, Atlas/Blue Wolf is seeking to implement risky and value-destructive proposals at the expense of ALL Verso stockholders:
By abstaining from voting on the Pixelle Transaction, Atlas/Blue Wolf’s actions have the same effect as voting against the transaction, since Verso requires an affirmative vote of a majority of the outstanding shares, not just a majority of the votes cast at the Annual Meeting.
Atlas/Blue Wolf’s abstention has the potential to deprive all stockholders the return of net proceeds from the Pixelle Transaction of up to $282 million and not less than $225 million, and demonstrates why your vote “FOR” the Pixelle Transaction is imperative.
TIME IS SHORT – VERSO URGES STOCKHOLDERS TO PROTECT THEIR INVESTMENT BY VOTING “FOR” THE PIXELLE TRANSACTION AND “FOR” ALL VERSO’S NOMINEES TODAY
The Verso Board is well-positioned to guide the Company into the future and maximize value for all stockholders. All leading proxy advisory firms, Institutional Shareholder Services, Glass, Lewis & Co. and Egan-Jones Proxy Services, recommend that Verso stockholders vote “FOR” the Pixelle Transaction.
The Verso Board unanimously urges stockholders to vote “FOR” the Pixelle Transaction and “FOR” ALL Verso’s nominees on the WHITE proxy card TODAY. Discard any Blue proxy card materials that you may have received from Atlas/Blue Wolf. If you have already returned a Blue proxy card, you can change your vote by voting on the WHITE proxy card TODAY by telephone or by Internet. Only your latest-dated proxy card will be counted.
THE ANNUAL MEETING IS FAST APPROACHING!
PLEASE USE THE WHITE PROXY CARD TO VOTE TODAY BY TELEPHONE OR BY INTERNET!
Any stockholder having questions or needing assistance in voting Verso’s WHITE proxy card should contact:
MacKenzie Partners, Inc.
1407 Broadway, 27th Floor
New York, New York 10018
Toll-Free (800) 322-2885