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Verso Corporation Announces Commencement of $55.0 Million Modified Dutch Auction Tender Offer for its Class A Common Stock

Share this article Share this article MIAMISBURG, Ohio, May 13, 2021 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today announced that it is commencing a "modified Dutch auction" tender offer to purchase for cash shares of its Class A common stock, par value $0.01 per share (the "Shares"), for an aggregate purchase price of not more than $55.0 million.  Verso President and Chief Executive Officer Randy Nebel said: "Even during this tumultuous time, we remain committed to returning value to ...
New York United States Stevens Point Randy Nebel Exchange Commission Computershare Trust Company

Verso Corporation Reports First Quarter 2021 Financial Results and Declares Quarterly Cash Dividend of $0.10 per Share

$       (144) Comments to Results of Operations - Comparison of Three Months Ended March 31, 2021 to Three Months Ended March 31, 2020 Net sales  Net sales for the three months ended March 31, 2021 decreased $189 million compared to the three months ended March 31, 2020, as a result of significant declines in sales volume and unfavorable price/mix. Of the $189 million, or 40%, net sales decline, $59 million, or 13%, was a result of the sale of our Androscoggin and Stevens Point mills in Feb...
United States Randy Nebel Verso Androscoggin Verso Corporation Verso President Chief Executive Officer Randy

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