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.
As announced on December 19, 2021,
Verso has entered into a definitive merger agreement under which
BillerudKorsnäs AB ("BillerudKorsnäs") has agreed to acquire all of
the outstanding shares of Verso for a purchase price of
$27.00 per share in cash. The
proposed transaction is subject to the approval of Verso
stockholders and the satisfaction of customary closing
conditions.
As a result of the proposed transaction, Verso will not be
hosting a conference call and webcast for analysts and investors or
issuing an earnings presentation in conjunction with the release of
financial results. 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.
About Verso
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. Verso's graphic paper products are
designed primarily for commercial printing, advertising and
marketing applications, including direct mail, catalogs, corporate
collateral, books and magazines. Verso's specialty paper products
include release liner papers and label face stock for pressure
sensitive, glue-applied and laminate applications. 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. Verso also makes market pulp used
in printing, writing, specialty and packaging papers, facial and
toilet tissue, and paper towels. For more information, visit us
online at versoco.com.
Forward-Looking Statements
In this press
release, all statements that are not purely historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements may be identified by the
words "anticipates," "believes," "contemplates," "could," "seeks,"
"estimates," "intends," "targets", "expects", "allows", "enables",
"may," "plans," "potential," "predicts," "projects," "should,"
"will," "would" or similar expressions and the negatives of those
terms. Forward-looking statements are based on currently available
business, economic, financial, and other information and reflect
management's current beliefs, expectations, and views with respect
to future developments and their potential effects on Verso. Actual
results could vary materially depending on risks and uncertainties
that may affect Verso and its business. Verso's actual actions and
results may differ materially from what is expressed or implied by
these statements due to a variety of factors, including those risks
and uncertainties listed from time to time in Verso's filings with
the Securities and Exchange Commission. Verso assumes no obligation
to update any forward-looking statement made in this press release
to reflect subsequent events or circumstances or actual
outcomes.
Additional Information and Where to Find It
In
connection with the proposed merger, on February 8, 2022, Verso filed with the SEC and
furnished to its stockholders a definitive proxy statement on
Schedule 14A (the "Proxy Statement") and accompanying WHITE proxy
card, as well as other relevant documents regarding the proposed
merger. 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. The Proxy Statement contains important
information about the proposed merger and related matters.
STOCKHOLDERS OF VERSO ARE URGED TO READ THESE MATERIALS (INCLUDING
ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT
DOCUMENTS IN CONNECTION WITH THE MERGER THAT VERSO HAS FILED OR MAY
FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN
OR WILL CONTAIN IMPORTANT INFORMATION ABOUT VERSO, THE MERGER AND
THE OTHER TRANSACTIONS CONTEMPLATED BY THE MERGER AGREEMENT THAT
HOLDERS OF VERSO'S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY
DECISION REGARDING VOTING. This release is not a substitute for the
Proxy Statement, or for any other document that Verso has filed or
may file with the SEC or send to its stockholders in connection
with the proposed merger.
Investors and security holders may obtain copies of these
documents and any other documents filed with or furnished to the
SEC by Verso free of charge through the website maintained by the
SEC at www.sec.gov, or on Verso's investor website,
https://investor.versoco.com/.
Participants in the Solicitation
Verso and its
directors and certain of its executive officers and employees may
be deemed to be participants in the solicitation of proxies in
respect of the proposed merger under the rules of the SEC.
Information about Verso's directors and executive officers is
available in the Definitive Proxy and Verso's proxy statement dated
on March 30, 2021 for its 2021 Annual
Meeting of Stockholders. These documents are 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/. Other information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise,
is contained in the Proxy Statement and in other relevant materials
that may be filed with the SEC regarding the proposed merger when
they become available.
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SOURCE Verso Corporation