October 19, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Wausau Paper Corp. (NYSE:WPP), was announced concerning whether the takeover of Wausau Paper Corp. by SCA for $10.25 per share is unfair to NYSE:WPP stockholders.

The investigation by a law firm concerns whether certain officers and directors of Wausau Paper Corp. breached their fiduciary duties owed to NYSE:WPP investors in connection with the proposed acquisition.

On October 13, 2015, SCA and Wausau Paper Corp. (NYSE:WPP) announced that SCA will acquire Wausau Paper for USD 10.25 per share or total consideration of USD 513 million (approximately SEK 4.2 billion) in cash.

However, given that at least one analyst has set the high target price for NYSE:WPP shares at $12.00 per share and given that NYSE:WPP shares traded in erarly 2015 as high as $11.26 per share, the investigation concerns whether the offer is unfair to NYSE:WPP stockholders. More specifically, the investigation concerns whether the Wausau Paper Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Wausau Paper Corp. reported that its annual Total Revenue rose from $348.58 million in 2013 to $352.02 million in 2014 and that its Net Loss declined from $97.27 million in 2013 to $18.51 million in 2014.

Shares of Wausau Paper Corp. (NYSE:WPP) reached as high as $13.66 per share in early 2014.