BillerudKorsnäs to acquire Verso Corporation
December 20, 2021
BillerudKorsnäs has agreed to acquire Verso Corporation, a leading North American coated paper producer, for approximately USD 825 million in cash (USD 27.00 per share). The deal, expected to close in Q2 2022 subject to shareholder and regulatory approvals, gives BillerudKorsnäs a North American platform and includes plans to convert Verso assets into paperboard capacity with up to SEK 9 billion of estimated capex.
- Buyers
- BillerudKorsnäs
- Targets
- Verso Corporation
- Sellers
- Verso Corporation shareholders
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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