Jan 6 (Reuters) - Coated paper producer Verso Paper Corp said it would buy privately held NewPage Holdings Inc for $1.4 billion.
The combined company will have annual sales of about $4.5 billion and 11 manufacturing facilities located in six states.
NewPage shareholders will receive $250 million in cash and $650 million in notes. They will also receive a roughly 20 percent stake in Verso.
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
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