Loading
Search
NEWS STORIES

Wausau Paper will bring on two new board membersSubmitted: 03/06/2013

Lane Kimble
Managing Editor/Anchor
lkimble@wjfw.com


WAUSAU - It seems Wausau Paper's largest shareholder will get what it wanted... Two new, non-affiliated Board Members. Wausau Paper announced the decision Wednesday.

New York-based Starboard Value LP holds about 15 percent of Wausau Paper's stock.

It had demanded the paper company sell underperforming mills and make changes to its Board of Directors earlier this year.

The two new board members were suggested by Starboard Value LP, but do not have any connection to either Starboard Oor Wausau Paper.

They'll be up for approval at the 2013 Annual Meeting.

This is the third big change of the year for Wausau Paper. In January, the company announced the sale of three midwest mills, including Rhinelander's.

Then, last month, they announced the Brainerd, Minn. mill would close.

Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
What We're Working OnSubmitted: 09/27/2016

- Tonight on Newswatch 12:

Yesterday two people safely escaped a fire that badly damaged a house in Sugar Camp. It turned out that a cat could have been a victim, but the cat was rescued by a firefighter. We'll bring you details and show you the cat that was slightly injured and is recovering.

We'll tell you about a Plaza that might be built in Boulder Junction.

And you'll hear from the Rhinelander city clerk on preparations for early voting which begins this Friday.

We'll bring you the details on these stories and more tonight on Newswatch 12 - news from where you live.

+ Read More

MADISON - The heavy rains that have caused flooding and landslides in parts of Wisconsin have also saturated the soil at record levels around the state.

The Wisconsin State Journal reports that surplus moisture was found in 40 percent of the state's topsoil last week and 35 percent of its subsoil. Those are the highest levels for September and could raise the risk of future flooding.

+ Read More

MADISON - UW Credit Union has expanded its membership eligibility to include all current and former college students, a move Gov. Scott Walker is touting as way to help countless students refinance their loans.

The governor and credit union officials announced the expansion at a news conference on Tuesday.

Until now the credit union has served only current and past University of Wisconsin System and Madison Area Technical College students. It offers interest rates ranging from 2.2 percent to 6.8 percent.

Walker, a Republican, called the expansion another step in help students and alumni.

Scot Ross, executive director of liberal group One Wisconsin Now, told reporters after the news conference that the expansion likely won't help anyone because students and recent graduates typically lack collateral and a credit history.

+ Read More

WASHINGTON - The Senate has blocked a spending bill needed to keep the government open beyond Friday's midnight deadline.

Most Democrats and at least 10 Republicans voted to block the bill, which also funds the fight against the Zika virus. Democrats are demanding money to help Flint, Michigan, address its lead-tainted water crisis.

+ Read More

Play Video

RHINELANDER - Newswatch 12 turned 50 this year, but it's actually lucky the station made it past year two.

A tragic accident in 1968 knocked the station off the air for nearly a year, and William Anderson was one of the two who lived through it.

"It's a quite a story," said Anderson.

+ Read More

MADISON - A federal judge has refused a union's demand to block Wisconsin's right-to-work law.

The law prohibits businesses and unions from reaching agreements that require all workers, not just union members, to pay union dues. Unions have argued the law enables nonunion members to receive free representation.

+ Read More

MADISON - Wisconsin elections officials have started mailing postcards to hundreds of thousands of people telling them how to register to vote.

State lawmakers passed a measure earlier this year requiring Wisconsin to join a multi-state consortium that works to identify eligible voters who haven't registered and informs them how to get on the books.

+ Read More
+ More General News
Search: 




Click Here