Verso Paper Shareholders to Vote July 30 on Proposals Key to Its Acquisition of NewPage

PORTLAND, ME—July 17, 2014—On July 30, Verso Paper shareholders will vote on proposals key to its acquisition of NewPage, reported the Bangor Daily News. The $1.4 billion purchase would have a significant impact on employment in Maine, creating jobs for about one-third (or 2,300) of Maine’s paper millworkers at Verso’s mills in Bucksport and Jay and NewPage’s Rumford mill, the Daily News said. The annual sales of the combined company would total around $4.5 billion with manufacturing facilities in 11 states.