- 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.
For further details see:
Verso Corp.: Potential Going-Private Arbitrage Opportunity