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Weyerhaeuser Co Announces Pricing of Public Offering of Common Shares


Tuesday, 18 Jun 2013 11:44pm EDT 

Weyerhaeuser Co announced the pricing of the public offering of 29,000,000 common shares at $27.75 per share. Weyerhaeuser raised approximately $805 million of gross proceeds from the offering. In addition, the underwriters of the offering have an option to purchase up to an additional 4,350,000 common shares. The net proceeds will be used as partial consideration to finance the previously announced acquisition of all of the equity interest in Longview Timber LLC. The offering is expected to close on June 24, 2013, subject to customary closing conditions. Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the joint book-running managers on the offering. 

Company Quote

33.68
0.43 +1.29%
4:03pm EDT