It was reported that two sponsors are lining up against Anthony Pratt's Visy Industries in the third, and final, stage of the Goldman Sachs-run $1 billion auction.
In a written statement, Northen Pulp stated that "the company continues discussions with government with respect to the site's hibernation plan. The length of time the facility will be in hibernation is currently unknown."
Verso Corp. Monday announced that its board had written shareholders in preparation for the company's Jan. 31 annual meeting. Verso wants shareholders to vote for seven nominees, holding fast against a large shareholder pushing for changes.
"We urge Verso Stockholders to not be fooled by the deceptive practices employed by Lapetus, Atlas and Blue Wolf to confuse you and to deflect attention from their ultimate objective - to control the Company without paying for it."
