FEDERAL WAY, Wash., Feb. 19, 2016 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the completion of the merger with Plum Creek Timber Company, Inc. Shareholders of both companies approved the transaction at separate special meetings of shareholders held on Feb. 12, 2016.The combined company retains the Weyerhaeuser name and continues to be … The $6.5 billion merger of equals between Biovail Pharmaceuticals and Valeant Pharmaceuticals. Under the merger agreement, Plum Creek stockholders will get 1.6 shares of Weyerhaeuser for each share they own, the companies said in a statement Sunday. Savage said neither Plum Creek nor Weyerhaeuser have bid on sales in the Kootenai National Forest since approximately 2007.He estimated 300 million to 400 million board feet of timber have been sold in that time. By Edward Krudy NEW YORK (Reuters) - Weyerhaeuser Co will purchase Plum Creek Timber Co Inc in a deal announced on Sunday that the two companies said would create a $23 billion timber, land and forest products company, the largest in the United States. Jun 20, 2016 - Weyerhaeuser and Plum Creek Merger Creates “New Paul Bunyan†Weyerhaeuser and Plum Creek Merger Creates “New Paul Bunyan” Posted on June 20, 2016 by Land Report Editors The $8.4 billion merger of Weyerhaeuser Company with Plum Creek Timber Company created the nation’s largest private landowner, leading one analyst to label the 13-million-acre behemoth the “new Paul Bunyan.” The $19.6 billion acquisition of Cadbury by Kraft. The announced merger of two timber giants, including the largest private land owner in Alachua County, is not expected to derail a … According to a press release from Weyerhaeuser, together, they possess more than 13 million acres of very profitable timberland. Pursuant to the Agreement and Plan of Merger, dated as of November 6, 2015, between Weyerhaeuser Company and Plum Creek Timber Company, Inc., Plum Creek Timber Company, Inc. merged with and into Weyerhaeuser Company on February 19, 2016, at which time the separate corporate existence of Plum Creek Timber Company, Inc. ended. Plum Creek’s manufacturing assets represent much less than 25 percent of its holdings, so by merging with that firm, Weyerhaeuser’s proportion of non-timber assets will fall, Mendell said. Steve Bullock and U.S. Sen. Jon Tester are echoing concerns raised over a merger between Plum Creek Timber and Weyerhaeuser Company, asking for assurances that jobs and public access will be maintained after the massive deal is completed. Weyerhaeuser Co. is buying Plum Creek Timber Co. for $8.44 billion to form what is expected to be one of the world's biggest timberland and forest products companies.The company will … On Nov. 9, it was announced that Weyerhaeuser would be buying Plum Creek for $8.44 billion to form what is expected to be one of the world’s biggest timberland and … Word of the proposed merger between Plum Creek Timber Co. and Weyerhaeuser Co. to become one of the nation’s biggest timber operations hit so fast, even Montana Gov. The new company, which will keep the Weyerhaeuser name, will manage more than 13 million acres of timberland that will allow it … The combined company creates a $23 billion timber REIT (Real Estate Investment Trust) with more than 13 million acres of timberland in the U.S. Weyerhaeuser Company (NYSE: WY) today announced the completion of the merger with Plum Creek Timber Company, Inc. Shareholders of both companies approved the transaction at separate special meetings of shareholders held on Feb. 12, 2016.The combined company retains the Weyerhaeuser name and continues to be traded under the WY ticker symbol on the New York Stock … Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each Plum Creek share. The November 2015 announced merger of Plum Creek (PCL) and Weyerhaeuser (WY), the two largest public timberland-owning real estate investment trusts (timber REITs) in the United States, highlights the challenge of valuing timberland investments in public and private markets. The deal is expected to close in the first or second quarter of next year. Plum Creek Timber Co. operates five facilities in Flathead County, including this sawmill and plywood plant in Columbia Falls. The merger will be done as a share swap, with Plum Creek shareholders receiving 1.60 shares of Weyerhaeuser for each Plum Creek share they hold. Weyerhaeuser Co. is buying Plum Creek Timber Co. for $8.44 billion to form what is expected to be one of the world's biggest timberland and forest products companies.The company will … About 60 percent of Plum Creek’s workforce was in Montana before the merger. values.27 Weyerhaeuser and Plum Creek had different areas of expertise but both entities were focused on resource management for the Industry.28 The combination was a compelling way of sharing expertise.29 Critics are still divided on the overall market significance of the Weyerhaeuser and Plum Creek merger. The C$4.8 billion sale of D+H to Vista Equity Partners. Weyerhaeuser Co. and Plum Creek announced a merger that will leave nearly two-thirds majority ownership in Weyerhaeuser shareholder hands. W ithin a week of receiving shareholders' approval, forest product manufacturer and supplier Weyerhaeuser CompanyWY announced that it has completed the merger with its peer Plum Creek Timber. The combined company, which will retain the Weyerhaeuser name, will have more than 13 million acres of timberland in the United States. In the Plum Creek Timber-Weyerhaeuser merger, Weyerhaeuser Company (WY) has agreed to buy Plum Creek Timber Company (PCL) for $8.4 billion in stock. The new company, which will keep the Weyerhaeuser name, will manage more than 13 million acres of timberland that will allow it … From: Timber Harvesting Staff. US forestry and paper giant Weyerhauser will take over construction lumber firm Plum Creek to take advantage of a rebounding US housing market, the two announced Monday. In a joint announcement on November 8, 2015, Plum Creek and Weyerhaeuser announced the companies had entered into a definitive agreement to create the world’s premier timber, land and forest products company. Last week, Weyerhaeuser and Plum Creek became the latest companies to join the mass-merger movement of the LBM industry, creating a combined company that will be worth billions of dollars. Timber REIT Weyerhaeuser - Get Report is correcting 3% this afternoon on big volume, following the announcement that this $15 billion firm is acquiring Plum Creek Timber for $8.4 billion in … Learn to Daytrade Breakout Momentum Trading. The acquisition of Plum Creek Timber by Weyerhaeuser will allow the latter to expand its presence in the southern U.S. CELEBRITY. Weyerhaeuser and Plum Creek will merge, creating a $23 billion timber, land and forest products company structured as a real estate investment trust (REIT), in an all-stock transaction. MARQUETTE — It’s unclear how the merger of two Washington-based timber industry giants, one of which owns hundreds of thousands of acres in the Upper Peninsula, will impact operations locally. The company will … Washington-based Weyerhaeuser has agreed to a merger with its close rival Plum Creek Timber to create the largest private owner of timberland in all the US. Weyerhaeuser Absorbs Plum Creek as Merger is Completed Washington-based giant officially takes over local operations, forming nation’s largest timber … The merger … It will be the largest private owner of timberland in the United States, the companies said, with assets of more than 13 million acres. The combined company will retain the Weyerhaeuser name. PLUM CREEK TIMBER COMPANY, INC. CONSOLIDATED BALANCE SHEET December 31, December 31, 2000 1999 (REIT) (REIT) (In Thousands, except share data) ASSETS Current Assets: Cash and Cash Equivalents ..... $ 143,958 $ 115,389 Two of Washington state's largest public companies just got shareholder approval to combine forces. Joint Proxy Statement from Weyerhaeuser upon written request to Weyerhaeuser Company, 33663 Weyerhaeuser Way South, Federal Way, Washington 98003, Attention: Director, Investor Relations, or by calling (253) 924-2058, or from Plum Creek upon written request to Plum Creek, When asked about the company’s real estate plans, Ray responded, “Weyerhaeuser continually engages with the market on various timber and land holdings as a normal course of business, both buying and selling property.” The merger agreement requires the approval of shareholders of both Weyerhaeuser and Plum Creek. The results indicate that more than 98 percent of the shares voting at the Weyerhaeuser special meeting voted in … Weyerhaeuser Outdoors Spring/Summer 2016 Page 1 MERGER OF WEYERHAEUSER COMPANY AND PLUM CREEK TIMBER COMPANY COMPLETED As announced on February 12, 2016, Weyerhaeuser Company and Plum Creek Timber Company have merged and are now one company called “Weyerhaeuser Company.” The combined On November 8, 2015, Weyerhaeuser Company and Plum Creek Timber Company announced they have entered into a definitive merger agreement to create the world’s premier timber, land and forest products company. ... of $100 million from the merger. One of its most notable deals was the 2016 merger with fellow timber REIT Plum Creek for $8.4 billion, which created a $23 billion timberland and wood products behemoth. Plum Creek, timber giant Weyerhaeuser merge . Shareholders approved the proposed merger of Plum Creek Timber Company and Weyerhaeuser at separate meetings on Friday, moving forward a major deal between two timber giants. The union--which will retain the Weyerhaeuser name--will create a business with roughly $8.5 billion in annual sales and nearly $750 million million in net earnings. Weyerhaeuser Co. is buying Plum Creek Timber Co. for $8.44 billion to form what is expected to be one of the world’s biggest timberland and forest products companies.. The merger of Weyerhaeuser and Plum Creek creates a winning combination with: The largest private ownership of timberland in the U.S. More than 13 million acres of … Under the terms of the merger, Plum Creek's shareholders, who will need to approve the deal, will receive 1.60 shares of Weyerhaeuser for each Plum Creek share. Montana Wood Products Association Executive Vice President, Julia Altemus suspects the merger agreement will have little impact on Montana’s remaining wood products industry, including Plum Creek’s medium density fiberboard plant in Columbia Falls. Steve Bullock Weyerhaeuser has acquired 9 companies, including 2 in the last 5 years. Weyerhaeuser completes merger with Plum Creek Timber. Plum Creek Timber Company, Inc. announced today that Institutional Shareholder Services , a leading independent proxy advisory firm, has issued a …
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