WISCONSIN RAPIDS, WI (WSAU) — Verso Corporation says they are willing to consider a sale to Atlas Holdings if the company increases its cash offer.
In a press release, Verso says they have signed a confidentiality agreement with Atlas and exchanged information to facilitate further discussions regarding the sale of the company, which would include an idled paper mill in Wisconsin Rapids.
Atlas is currently offering Verso $20 per share as part of the sale. Verso officials have said that price would need to come up for them to consider making a deal.
While the sale would include the Rapids facility, which has been idle for 15 months now, it’s still too soon to say if they would restart the facility or what products would be made there if it is restarted.
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Verso says they will have no further comment on the matter.
