Veritiv Corporation began trading on the New York Stock Exchange on July 2, 2014 under the ticker symbol VRTV. A total of 16 million shares were issued.
Updated share information can be found in the Stock Information tab.
Veritiv Corporation announced on December 4, 2014 that it has selected Northpark Town Center, located in the Central Perimeter area of Atlanta, for the company’s executive offices. The Company will continue to have significant operations in the Greater Cincinnati, OH area. To read the press release in its entirety, view the News Releases section under the Newsroom tab or simply click here.
Information on the executive team and board of directors can be found under the Governance tab.
One team shaping success through exceptional service, innovative people, and consistent values.
Veritiv Corporation’s business strategy is underpinned by two foundational objectives – profitable growth and operational excellence.
Profitable Revenue Mix – Segment Specific Market Leadership
Operational Excellence
Veritiv Corporation is audited by Deloitte & Touche LLP.
Veritiv Corporate will report on a calendar year basis.
The structure of the transaction was a Reverse Morris Trust, in which a newly-formed entity holding International Paper’s xpedx business, was spun off to the International Paper stockholders and then merged with the Unisource business creating an independent , publicly- traded company.
A total of 16 million shares were issued to effect the transactions. These shares were split with 51% of shares going to the International Paper shareholders and 49% going to Unisource’s Parent company, UWW Holdings. The date of record for shareholders for this transaction was June 20, 2014. The shares issued to the International Paper stockholders began trading regular way on the New York Stock Exchange on July 2, 2014 under the ticker symbol VRTV. The shares issued to UWW Holdings were in lock-up for 180 days after the closing on July 1, 2014.
As a stand-alone entity, Veritiv will be able to provide a new level of focus on its core business and recognize significant synergies through the combination of xpedx and Unisource’s operations.
No. International Paper stockholders as of June 20, 2014 received 0.0191 shares of Veritiv for each share of International Paper they owned. There was no change to the number of shares of International Paper as a result of the transactions. For further information about International Paper shares, please contact International Paper Investor Relations at 1-800-332-8146.
Investors that resulted in holding fractional shares post spinoff received cash for the market price of their fractional shares.
In regards to locating, updating or transferring stock ownership, please contact the Company’s stock transfer agent. Veritiv’s stock transfer agent is Computershare which can be reached with the contact details below
Computershare Investor ServicesP.O. Box 43006Providence, RI 02940-3078
www.computershare.com/investor1(866) 276-9370
A stock transfer agent manages and maintains the records of a company’s shares. The transfer agent is responsible for the transfer of ownership from the seller’s name to the buyer’s name. The transfer agent also determines shareholders of record, ensures all shares are properly accounted for and that dividend payments are made to shareholders of record. The transfer agent does not maintain records of shares bought and sold through brokerage accounts.
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Clark Dwyerinvestor@veritivcorp.com