Starboard Delivers Letter to Wausau Paper CEO and Board of Directors

NEW YORK, Oct. 22, 2013 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), the largest shareholder of Wausau Paper Corp. ("Wausau" or the "Company") (NYSE: WPP) with approximately 15.2% of the outstanding common stock of the Company, today announced that it has delivered a letter to the Company's President and CEO, Henry C. Newell, and the Company's Board of Directors. 

The full text of the letter is available for viewing at the following link: http://tinyurl.com/StarboardLettertoWausau  

About Starboard Value LP
Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing in publicly traded U.S. small cap companies. Starboard invests in deeply undervalued small cap companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com

SOURCE Starboard Value LP