Dead Tree Edition
March 05, 2014
The proposed merger of NewPage and Verso Paper may be on the ropes, but it has brought much attention to the oddities of the U.S. market for coated paper.Intrigued by the unusual proposal (which Verso was forced to reconsider last week), the bankruptcy experts at The Capitol Forum recently published comments from a federal prosecutor explaining why the U.S. coated-paper industry is prone to cooperation among competitors.The U.S. Department of Justice’s likely presumption that the merger would encourage “coordinated interaction” of competing companies could be a stumbling block for the merger, according to The Capitol Forum (subscription only).The article made
March 10, 2014
BOSTON – A Roxbury man pleaded guilty today to stealing iPhones from the mail and making... This is a summary- visit postalnewsblog.com for the full story, comments and more.
Courier, Express, and Postal Observer
January 16, 2014
In assigning a rating on new debt issued by Harland Clarke to cover the purchase of Valassis, Moody’s made an assessment of a business that is primarily dependent on check printing and mail advertising. Its comments suggests that Wall Street sees both the transaction and advertising mail businesses as profitable but in a secular decline. More importantly for holders of bonds due in 2021, Moody’s expects the secular decline in both checks and mail advertising to accelerate towards the end of the decade. Harland Clarke’s B2 Corporate Family Rating reflects Moody’s ongoing concern that the combined business model is subject