VRS - Verso Corp.: Potential Going-Private Arbitrage Opportunity

• Atlas Holdings LLC has made an unsolicited bid of $20 per share for Verso's shares not currently owned by the firm, representing a near 4 percent arbitrage at current prices.
• Altas's activist role at Verso and large ownership stake suggest that an offer is likely to result in an agreement between the parties.
• Additionally, it might be possible for Verso to negotiate a higher price for its shareholders based on recent analyst expectations.
• Therefore, this event-driven situation presents a compelling opportunity to make a very nice return in what could be over a very short period.

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