Amid Turbulent Printing Paper Market, Atlas Holdings Makes Takeover Bid to Acquire Verso Corporation

According to a July 12 Schedule 13D filing with the Securities & Exchange Commission (SEC), the $20 per share offer represents a 15.9% premium over the closing price of Verso common stock on July 9, 2021. The LSC transaction took the publicly-held book, catalog, and magazine printing specialist; logistics provider; and office products supplier — which had filed for Chapter 11 bankruptcy protection — private. In the packaging sector, Atlas holdings include ASG (AGI-Shorewood), a specialized packaging company with facilities in Europe; NPX One, a manufacturer of absorbent pads and expanded polystyrene foam trays for U.S. food processors; and Saxco, a North American distributor of rigid packaging for the wine, spirits, craft beer, and food markets.