Report: Hedge Fund Urges More Action at Wausau Paper

MOSINEE, WI—Wausau Paper's largest stockholder is encouraging the company to move out of its current headquarters here and possibly sell its entire operation outright, the Stevens Point Journal reported.

Hedge fund Starboard Value LP, which holds 15.2 percent of Wausau's shares and was behind a campaign to get the company to sell two mills and close another, is pressing the paper manufacturer once again.