The buyer, Pennsylvania-based Pixelle Specialty Solutions, also purchased a Verso-owned mill in Wisconsin.
Verso Corp
Posted inBusiness, Maine, News
Verso shareholders approve sale of Jay mill
The paper company offloaded two paper mills, one in Maine and another in Wisconsin, to a privately held specialty paper company.
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Posted inBusiness, Maine, News
Verso, investors reach agreement on sale of Jay mill
The paper company and a shareholder group have agreed to move ahead with a $400 million deal to sell the company’s mills in Maine and Wisconsin.
Posted inBusiness, Franklin, Maine, News
Verso urges shareholders to approve sale of 2 mills, including 1 in Maine
The company has been in a dispute with 2 dissident shareholders, private equity firms Atlas Holdings and Blue Wolf Capital Partners, which oppose the sale of the mills and back their own slate of directors for Verso’s board.
Posted inBusiness, Franklin, News
Investor takeover could ‘derail’ sale of Jay mill, Verso board claims
Three board members nominated by an investment group could pave the way for a merger with another paper company, the company’s board of directors warns shareholders.
Posted inBusiness, Franklin
Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.
Posted inBusiness, Franklin, Livermore Falls Advertiser, News, The Franklin Journal
Jay community, loggers hopeful that paper mill’s sale means success
Town officials, others look forward to more prosperity for the 500 employees and others.
Posted inBusiness, Franklin, Lewiston-Auburn
Verso takes Jay property tax appeal to Bankruptcy Court
JAY — Verso Corp. has jumped the town and state tax appeal processes to ask the U.S. Bankruptcy Court to determine the taxable value of the Androscoggin Mill and property in Jay for the tax year 2015. The company also skipped the state’s tax appeal process for the 2013 and 2014 tax years, and asked […]
Posted inFranklin, Livermore Falls Advertiser
RSU 73 budget outlook shared with Livermore officials
LIVERMORE FALLS — Regional School Unit 73 Superintendent Kenneth Healey met with Livermore officials Tuesday night to discuss factors that may impact the 2016-17 school budget. Among them are the loss of 300 jobs at Verso Corp.’s Androscoggin Mill in Jay, the district’s sick leave buyback program, possibly reconfiguring the grades at two elementary schools […]
Posted inBusiness, Franklin
Verso notifies workers of layoffs, shuts down paper machine
JAY — Verso Corp. shut down its No. 2 paper machine Saturday and previously shut down a pulp dryer, according to William “Bill” Cohen, director of mill communications and regional governmental affairs. The company sent out “Workers Adjustment and Retraining Notification” Act letters Oct. 20 to notify employees that they would lose their jobs in […]