Verso stockholders approve $400 million deal that includes sale of Androscoggin mill

Verso stockholders approved the sale of two mills — including its Androscoggin mill in Jay — as part of a $400 million deal during an annual meeting of shareholders last week.

That approval comes after Verso sought to fend off a challenge from two stockholders — private-equity firms Atlas Holdings and Blue Wolf Capital Partners — that aimed to derail the deal.

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