The company has been in a dispute with 2 dissident shareholders, private equity firms Atlas Holdings and Blue Wolf Capital Partners, which oppose the sale of the mills and back their own slate of directors for Verso’s board.
jay maine
Posted inBusiness, Local & State, News
Investor takeover could ‘derail’ sale of Jay mill, Verso board claims
Three board members nominated by an investment group could pave the way for a merger with another paper company, the company’s board of directors warns shareholders.
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Posted inBusiness
Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.
Posted inCops & Courts, Local & State
Maine’s top court upholds conviction of Jay man who killed his girlfriend
James Sweeney was sentenced to 38 years in prison for beating Wendy Douglas with a baseball bat while she slept.
Posted inBusiness, News
Jay community, loggers hopeful that paper mill’s sale means success
Town officials, others look forward to more prosperity for the 500 employees and others.
Posted inBusiness, Local & State
Verso agrees to sell Jay mill as part of $400 million deal
The mill in Jay employs about 500 people, and has been producing paper in the area since 1885.
Posted inCops & Courts, News
Appeal of Jay murder conviction, sentence heard by high court
James “Ted” Sweeney was convicted of killing his former girlfriend with a baseball bat and sentenced to 38 years.
Posted inLocal & State, News
Hospital upgrades condition of man who helped evacuate Farmington building before blast
Larry Lord, maintenance supervisor at LEAP Inc., suffered burns over half of his body, critical injuries and other trauma.
Posted inNews
Canadian driver injured when tractor-trailer rolls on Riley Road in Jay
The cab landed on a guardrail and the load of sawdust spilled down an embankment.
Posted inLocal & State, News
Family of man injured in Farmington blast asks supporters: ‘Keep Larry in your prayers’
Larry Lord, the maintenance supervisor of LEAP Inc., remains in critical condition from the propane explosion at the building on Sept. 16.