Verso Corporation (NYSE: VRS) (“Verso”) today announced it has received necessary approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin to complete its previously announced merger with BillerudKorsnäs AB (“BillerudKorsnäs”). Verso has now received all regulatory approvals necessary to complete the merger.
The transaction is expected to close on March 31, 2022.
https://investor.versoco.com/2022-03-29-Verso-Receives-All-Regulatory-Approvals-Necessary-to-Proceed-with-Closing-of-Merger-with-BillerudKorsnas-AB
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Our Sawmills Division has recently completed a $4.9 million investment at the Kedgwick Sawmill. The modernization has meant work for nearly 60 contractors from other small communities from Bathurst to Edmundston. "This modernization will make our mill more efficient; processing the same logs and achieving more lumber and improved quality for our customers. Continued investment is what helps sustain over 100 good paying jobs in the community," says Jean-Sebastien Roy, Mill Manager at the Kedgwick Sawmill. The additional production by the new sawline will allow us to increase the volume of Premium Lumber, which is produced for North America's leading home improvement stores. Wood chips that are a by-product of the sawmill go to New Brunswick pulp and paper mills to help make paper and tissue products.
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