Latest Unisource Worldwide News
Nov 24, 2020
Davis Polk advised the underwriter Morgan Stanley & Co. LLC on the offering. Veritiv Corporation (NYSE: VRTV) announced the pricing of an underwritten public offering of 1,400,000 shares of its common stock by UWW Holdings, LLC, one of its existing stockholders and the former parent company of Unisource Worldwide, Inc., at a public offering price of $18.50 per share. Morgan Stanley & Co. LLC is acting as the sole underwriter of the offering. The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling stockholder. Headquartered in Atlanta, Veritiv is a leading North American business-to-business distributor of packaging, facility solutions, print and publishing products and services. Additionally, Veritiv provides logistics and supply chain management solutions. Serving customers in a wide range of industries, Veritiv has distribution centers throughout the United States, Canada and Mexico. The Davis Polk capital markets team advising Morgan Stanley & Co. included partner Yasin Keshvargar (Picture) and associate Chris Van Buren. The tax team included counsel Alon Gurfinkel and associate Summer Xia. The intellectual property and technology transactions team included associate Hilary Smith. Counsel David A. Zilberberg provided environmental advice.