Wausau signs letter of intent to sell specialty paper business
Wausau Paper announces a nonbinding letter of intent to spin off its specialty paper unit to a new company backed by KPS Capital Partners. KPS will fund a portion of the deal with Wausau retaining up to 25 percent initial ownership and potential up to 5 percent extra if performance targets are met. The United Steelworkers must ratify new agreements, and Wausau retains legacy pension liabilities. A second unnamed company may be merged into the venture, with Wisconsin mills sale contingent on that acquisition.
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Brainerd
Wausau Paper
United Steelworkers Union
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Wisconsin Mills
Group fights Mille Lacs gill netting plan faces legal challenge
Save Mille Lacs Sport Fishing this week debuted a website and announced plans to raise funds for a legal challenge to gill netting during spawning season on Mille Lacs Lake.
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Save
Bill Eno
Twin Pines Resort
Minnesota Department of Natural Resources
DNR
Minnesota
Aitkin
Dirk Peterson
Peterson
Fargo New Flood Watch Signals Runoff and Diversion Plans
Officials warn a top flood period for Fargo is likely the week of April as above normal snowpack and heavy rains raise risk. Mayor Walaker pledges action, while backing a proposed 2 billion dollar diversion channel and mobilizing 1.1 million sandbags with 750 000 in reserve and county stock.
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Greg Gust
The
Weather Service
Fargo
Dennis Walaker
Fargo-Moorhead
Congress
White House
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Jen Haugh
Wisconsin Specialty Paper
KPS Capital Partners
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