Verso analyses merger, joint ventures while looking for a CEO
TORONTO, ON, June 14, 2019 (PPI Pulp & Paper Week) -Major North American producer of printing and specialty papers Verso reengaged Houlihan Lokey Capital to help Verso identify and evaluate potential strategic alternatives, including merger, joint venture, partnership, stock repurchase, recapitalization, and sale.
At the same time, Verso seeks a permanent CEO after Chris DiSantis on Apr. 5 stepped down. Former Catalyst leader Leslie Lederer is now the interim CEO.
"In light of recent headwinds faced by Verso and many of our competitors, we have taken several steps to address our challenges, including the announcement of the closure of the Luke (MD ...