Acquisition-related costs of around SEK 135 million will be reported in the fourth quarter results of 2021 as an item affecting comparability. Verso Corporation is a leading American owned and operated producer of graphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Costs incurred in connection with the stockholders proxy solicitation contest. For 2020, charges are associated with the closure of our Luke Mill in June 2019. Get a stronger brand and business through innovative and sustainable packaging. The replay will be available starting at 11 a.m. (EDT) Friday, November 5, 2021, and will remain available until December 3, 2021. At the end of the year, BillerudKorsns entered into a merger agreement with the Verso Corporation (Verso), under which BillerudKorsns has agreed to acquire Verso, a leading producer of coated paper in North America, for a purchase price of approximately USD 825 million. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC regarding the proposed merger when they become available. Companies; 8; Verso; Verso Corporation produces and sells coated papers in North America. The transaction is expected to close in the second quarter of 2022.
In the last twelve months insiders purchased 271.42k shares for US$2.7m. "Verso maintains a strong, debt-free balance sheet, which provides a solid foundation for generating long-term value for shareholders. While we cannot reasonably estimate the full impact of COVID-19 on our business, financial position, results of operations and cash flows, we saw our sales, volume and prices continue to recover during the fourth quarter of 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, qualification or exemption under the securities laws of any such jurisdiction. Company announcements, updates from our production sites and industry news - theres always something happening across our organization. We help companies easily scale their insurance products via our integrated network of digital wallets, banking relationships, e-commerce platforms and our marketplace web app. To register, please dial in 10 minutes before the conference call begins. The proxy statement will contain important information about the proposed merger and related matters. On or about February 8, 2022, Verso commenced mailing the Proxy Statement and a proxy card to Verso's stockholders entitled to vote at a special meeting relating to the proposed merger, seeking their approval of the respective merger-related proposals. When typing in this field, a list of search results will appear and be automatically updated as you type. 14 paper machine and certain other long-lived assets at our Wisconsin Rapids Mill in February 2021. For 2021, charges are primarily associated with the permanent shutdown of our Duluth Mill in December 2020 and of the No.
SEC Filings | Domtar A telephonic replay of the call can be accessed at 877-344-7529 (U.S. toll-free), 855-669-9658 (Canada toll-free) or 412-317-0088 (international), access code 10160274. 8540 Gander Creek Drive. The news release and fourth quarter and full year 2021 results will be available on Verso's website at http://investor.versoco.com by navigating to the Financial Information page. BillerudKorsns has entered into an agreement to acquire Verso for a purchase price of approximately USD 825 million in cash, corresponding to USD 27.00 per share. This press release includes certain non-GAAP and non-IFRS financial measures. MIAMISBURG, Ohio, Feb. 21, 2022 /PRNewswire/ --Verso Corporation (NYSE: VRS) today announced that it will release its fourth quarter and full year 2021 financial results before the market opens on February 28, 2022. --Verso Corporation today announced the completion of the sale of the company's closed mill in Duluth, Minnesota, to ST Paper 1, LLC, effective May 13, 2021. This information constituted inside information prior to publication.
Verso Corp - Class A Shares Near 52-Week High - Market Mover Any forward-looking statements made in this release are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, us or our business or operations. For more information, see www.versoco.com About Verso VERSO CORPORATION is a leading American owned and operated producer ofgraphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality and reliability. These documents will be available free of charge from the sources indicated above, and from Verso by going to its investor relations page on its corporate website at https://investor.versoco.com/. Financing of the acquisition and the conversion. Promptly after filing its definitive proxy statement with the SEC, Verso will mail its definitive proxy statement and a proxy card to Verso's stockholders entitled to vote at a special meeting relating to the proposed merger, seeking their approval of the respective merger-related proposals. MIAMISBURG, Ohio, Feb. 28, 2022 /PRNewswire/ --Verso Corporation (NYSE: VRS) today reported financial results for the fourth quarter and full year of 2021. For more information, visit us online at versoco.com. Analysts and investors may access the live conference call only by dialing 888-317-6003 (U.S. toll-free), 866-284-3684 (Canada toll-free) or 412-317-6061 (international) and referencing elite entry number 1707105 and Verso Corporation.
Verso Corp (VRS) 10K Annual Reports & 10Q SEC Filings - Last10K.com ET). Idle/post-closure costs associated with our Duluth and Wisconsin Rapids mills that are not associated with product sales orrestructuring activity. Verso investor relations material. The rights issue is planned to be carried out in 2022 following completion of the transaction. Verso's stock price currently trades between $23-$24/share, which is nearly $7 higher than it traded when the Atlas unsolicited bid was announced. Verso produces packaging paper used in higher-end packaging and printing applications such as greeting cards, book covers, folders, labels and point-of-purchase displays. The forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. The company has seven production units in Sweden and Finland, and about 4,400 employees in over 13 countries. , .
Are Insiders Buying Verso Corporation (NYSE:VRS) Stock? MIAMISBURG, Ohio, Nov. 5, 2021 /PRNewswire/ --Verso Corporation (NYSE: VRS) today reported financial results for the third quarter of 2021 and announced that its Board of Directors has declared a quarterly cash dividend for the quarter ending December 31, 2021, in the amount of $0.10 per each outstanding share of Verso's Class A common stock. Cision Distribution 888-776-0942 For further detail and discussion of our financial performance please refer to our upcoming Annual Report on Form 10-K for the year ended December 31, 2021. This press release does not constitute an offer of rights to subscribe for shares of BillerudKorsns for sale or a solicitation of an offer to purchase the rights described in this press release in the United States. For 2020, other miscellaneous adjustments. BofA Securities serves as exclusive financial advisor. This press release contains forward-looking statements that reflect BillerudKorsns current expectations and views of future events and developments. , . Overview "This was a strong quarter for Verso in which our people drove robust cash flow, reflecting steadfast execution and positive macro trends, including price increases, for our business. These non-GAAP and non-IFRS measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP or IFRS, as applicable, and should not be considered as an alternative to performance measures derived in accordance with GAAP or IFRS, as applicable. Closing of the transaction is not subject to any financing condition. Verso is listed on the New York Stock Exchange.
Verso Corp Warrants (15/07/2023) (VRSZW) - Nasdaq There continue to be significant uncertainties associated with the COVID-19 Pandemic, including with respect to the resurgence of new variants of the virus; whether the vaccines introduced to combat the virus are not effective or public acceptance of such vaccines is not widespread; and the impact of COVID-19 on economic conditions, including with respect to labor market conditions, economic activity, consumer behavior, supply chain shortages and disruptions and inflationary pressure; all of which could have a material impact on our business, financial position, results of operations and cash flows. About VersoVERSO CORPORATION is a leading American owned and operated producer ofgraphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality and reliability. You should consider our EBITDA and Adjusted EBITDA in addition to, and not as a substitute for, or superior to, our operating or net income (loss), which are determined in accordance with GAAP. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes. Get in touch with members of our press service. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Net salesNet sales for the three months ended December 31, 2021 increased $14 million or 4% compared to the three months ended December 31, 2020 driven by favorable price/mix of $57 million, partially offset by $43 million, or 14%, in decreased sales largely attributable to our sold Duluth and idled Wisconsin Rapids mills. For 2021, professional fees and other charges associated with strategic. We also plan to sequentially transform part of the business into paperboard production while continuing to serve the U.S. customers. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes. EBITDA % of Net Sales Change from PY Change from PY $95M 10.4% Severance and related benefit costs not associated with restructuring activities. John Cuomo, President and CEO of VSE Corporation and Steve Griffin, Chief Financial Officer of VSE . When typing in this field, a list of search results will appear and be automatically updated as you type. In addition to continued paper production in Escanaba during the conversion, BillerudKorsns plans to continue operating the Quinnesec mill. Verso Corporation. Analysts and investors may access the live conference call only by dialing 888-317-6003 (U.S. toll-free), 866-284-3684 (Canada toll-free) or 412-317-6061 (international) and referencing elite . Additionally, to the extent that forward-looking non-GAAP and non-IFRS financial measures are provided, they are presented on a non-GAAP and non-IFRS basis without reconciliations of such forward-looking non-GAAP and non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. "RiskFactors"in Verso'sForm 10-K for the fiscal year ended December 31, 2018 and from time to time in Verso'sother filings with the Securities and Exchange Commission. The long-term targets are: Net sales growth of 3-4% per year, EBITDA margin >17%, Net debt / EBITDA <2.5x and Dividend >50% of net profit. On or about February 8, 2022, Verso commenced mailing the Proxy Statement and a proxy card to Verso's stockholders entitled to vote at a special meeting relating to the Merger, seeking their approval of the respective merger-related proposals.
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