Atlas holdings and blue wolf issue letter to the board of verso corporation

On december 3, 2019, atlas holdings and blue wolf capital advisors iv issued a letter to the board of directors of verso corporation. in the letter, atlas holdings and blue wolf stated that they are writing in reaction to the recent earnings release, the company’s announcement to sell the stevens point and androscoggin mills and the company’s announcement regarding the annual meeting to be held on january 21, 2020. atlas holdings and blue wolf added that they are concerned about the proposed sale transaction of the specialty mills because of the lack of transparency of vital information relating to the terms of the deal. atlas holdings and blue wolf stated that they are also concerned about the company’s vision and strategy for the remaining business and remain prepared to engage in a dialogue that would lead to board representation that better aligns with stockholder interest.
VRS Ratings Summary
VRS Quant Ranking