On January 5, 2020, Verso Corporation’s Board of Directors warned shareholders that a bid by Atlas Holdings and Blue Wolf Capital Partners LLC to seize control of the board could jeopardize the upcoming sale of the Androscoggin Mill in Jay. The Company also stated that if Atlas Holdings and Blue Wolf Capital Partners LLC’s nominees are elected, they will attempt to derail the Pixelle transaction in an effort to enhance Twin Rivers' competitive position in coated specialty papers and potentially jeopardize the benefits of the sale transaction to the Company and its other stockholders