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/PRNewswire/ -- Verso Corporation (NYSE: VRS) today announced the final results of its "modified Dutch auction" tender offer for the purchase for cash of...
Students' film features Luke Mill
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 our shareholders while maintaining our financial stability. Accordingly, this tender offer is part o...
$ (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 February 2020, and $33 million, or 7%, was attributable to the indefinite idling of our Duluth Mill in ...
In addition to paying its fine, Luke Mill will have to answer to state regulators during the cleanup process, and monitor water quality at its site for years to come.