Edition:
United Kingdom

Verso Corp Explores Strategic Alternatives And Approves Adoption Of Stockholder Rights Plan


Thursday, 13 Jun 2019 

June 13 (Reuters) - Verso Corp ::VERSO CORPORATION EXPLORES STRATEGIC ALTERNATIVES AND APPROVES ADOPTION OF STOCKHOLDER RIGHTS PLAN.VERSO CORP - "IN LIGHT OF RECENT HEADWINDS FACED BY VERSO AND MANY OF OUR COMPETITORS, WE HAVE TAKEN SEVERAL STEPS TO ADDRESS OUR CHALLENGES".VERSO CORP - YET TO SELECT A PERMANENT CHIEF EXECUTIVE OFFICER.VERSO CORP - REENGAGED HOULIHAN LOKEY CAPITAL AS FINANCIAL ADVISOR TO ASSIST IN IDENTIFYING AND EVALUATING A RANGE OF POTENTIAL STRATEGIC ALTERNATIVES.VERSO CORP - BOARD HAS APPROVED ADOPTION OF A LIMITED DURATION STOCKHOLDER RIGHTS PLAN.VERSO CORP - BOARD AUTHORIZED A DIVIDEND DISTRIBUTION OF ONE RIGHT FOR EACH OUTSTANDING SHARE OF COMMON STOCK. 

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