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Former mill employees oppose consent decree in Verso, NewPage merger

( May 18, 2015, 22:00 GMT | Official Statement) -- MLex Summary: The Local 1821 of the International Association of Machinists and Aerospace Workers, as well as 58 former employees of the mill in Bucksport, Maine have filed a comment opposing the US Department of Justice's consent decree permitting the merger of Verso Paper and NewPage Holdings. They argue that the two proposed divestitures were insufficient in scale and were made to Catalyst, a party "which has already become Verso's dancing partner on pricing increases in the oligopolistic market that Verso now dominates as a result of the Verso-NewPage Merger." The decree also "allowed Verso to amplify the likely anticompetitive effects of the Verso-NewPage merger by shutting down and selling" the Bucksport mill, they said. See document below....

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