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Weyerhaeuser Co To Explore Strategic Alternatives For WRECO


Sunday, 16 Jun 2013 01:01pm EDT 

Weyerhaeuser Co announced that its Board of Directors has authorized the exploration of strategic alternatives with respect to Weyerhaeuser Real Estate Company (WRECO), Weyerhaeuser's homebuilding and real estate development business. The board intends to consider a broad range of alternatives including, but not limited to, continuing to hold and operate WRECO, or a merger, sale or spin-off of the business. The Company noted that there can be no assurance that the board's evaluation process will result in any transaction, or that any transaction, if pursued, will be consummated. The Company does not intend to provide any additional information unless or until the evaluation process is completed or terminated. 

Company Quote

32.61
-0.49 -1.48%
3:15pm EDT