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Merger

Neenah to Merge with Schweitzer-Mauduit International Inc

Neenah to Merge with Schweitzer-Mauduit International Inc

Two leading global manufacturers of specialty material Neenah and Schweitzer-Mauduit International have announced that they are to merge.This transaction brings together...

Billerud Korsnäs to acquire Verso Corporation

Billerud Korsnäs to acquire Verso Corporation

Swedish pullp and paper manufacturer Billerud Korsnäs have announced a merger agreement worth an estimated $825 million with US woodfree coated and specialty paper compa...

Heritage Envelopes To Merge With Eagle Envelopes

Heritage Envelopes To Merge With Eagle Envelopes

Two of the Mayer-Kuvert-network owned companies Heritage Envelopes and Eagle Envelopes are set to merge. The two sister businesses have been working closely together sinc...

Lecta To Purchase Avery Dennison Offset Sheets Business

Lecta To Purchase Avery Dennison Offset Sheets Business

Lecta, the parent company of Condat, Torraspapel and Garda, has announced that they have reached an agreement for the purchase of Avery Dennison Offset Sheets business i...

Burgo and Lecta abandon merger talks

Burgo and Lecta abandon merger talks

Burgo, the Italian paper manufacturer, was until the last few months considering a merger with Lecta Group.The company, which has significant debts of around €200 million...

Verso to divest two mills to facilitate NewPage merger

Verso to divest two mills to facilitate NewPage merger

Verso will sell two mills in Maine and Wisconsin, USA, in order to satisfy the government that the merger with NewPage will not be anti-competitive. The mills are expecte...

Verso loses $35 million in the last three months

Verso loses $35 million in the last three months

Verso, the intended buyer for NewPage Corporation, posted a $35 million loss in the last three months, highlighting the need for the company to find cost savings.Despite ...

NewPage to sell two mills to facilitate Verso merger

NewPage to sell two mills to facilitate Verso merger

NewPage has agreed to sell two North American mills to Catalyst Paper in Canada in order to improve its financial situation. This is intended to make NewPage's merger wit...

Verso makes $43 million loss ahead of NewPage merger

Verso makes $43 million loss ahead of NewPage merger

Verso Paper, the prospective buyer of NewPage Corp, suffered a $43 million loss in the last three months. The company's sales revenue fell 2.9% compared to last year duri...

Verso makes third attempt to merge with NewPage

Verso makes third attempt to merge with NewPage

Verso has offered better terms for the third time in its latest attempt to get approval for its proposed merger with NewPage. Verso is threatened with bankruptcy if it is...

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