Published:
Views: 2351

Weyerhaeuser and Plum Creek Merger to Create World’s Largest Timber Company

The massive timber giant will own 13 million acres. The proposed $8.3 billion transaction, which both boards of directors approved unanimously, would constitute the largest private ownership of land in the U.S. The combined entity will retain the Weyerhaeuser name.

WeyerhaeuserTimber_lg

The massive timber giant will own 13 million acres.

The proposed $8.3 billion transaction, which both boards of directors approved unanimously, would constitute the largest private ownership of land in the U.S. The combined entity will retain the Weyerhaeuser name. “These two companies are already best-in-class timberland managers with a relentless focus on sustainable resource management,” says Plum Creek CEO Rick Holley. “The breadth and diversity of our combined land and timber assets uniquely position the new company to capitalize fully on the improving housing market, continue to capture higher and better use land values across the combined portfolio, and create additional opportunities to build lasting value.” Under the terms of the all-stock transaction, Plum Creek shareholders will receive 1.6 shares of Weyerhaeuser stock for every share of Plum
Creek stock. Weyerhaeuser shareholders should wind up owning about two-thirds of the company’s common stock. For the third quarter, Weyerhaeuser’s net income stood at $180 million, while Plum Creek’s earnings hovered around the $100 million mark.

Click here to read more.

Tagged with: ,
Posted in Conservation, Feature, Louisiana, News Desk, Pacific, Southwest, Timber, Washington

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

News By Region

The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties Hayden Outdoors Real Estate Western Ranches

Contact to Listing Owner

Captcha Code
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast