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VRS - Verso jumps 14% as it commences $55M modified Dutch auction tender offer
Verso Corporation
Verso ([[VRS]] +14.8%) commences a "modified Dutch auction" tender offer to purchase for cash shares of its Class A common stock, par value $0.01/share, for an aggregate purchase price of not more than $55M.Company says this tender offer is part of Verso's commitment to return to shareholders a portion of the net proceeds from their February 2020 sale of our Androscoggin and Stevens Point mills.