Key Developments: Weyerhaeuser Co (WY.N)

WY.N on New York Stock Exchange

27.87USD
17 Apr 2014
Price Change (% chg)

$-0.03 (-0.11%)
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Latest Key Developments (Source: Significant Developments)

Weyerhaeuser Co Appoints Doyle Simons As President And CEO
Sunday, 16 Jun 2013 01:02pm EDT 

Weyerhaeuser Co announced its Board of Directors has elected Doyle Simons, President and Chief Executive Officer, effective August 1, 2013. He will be engaged as CEO Elect effective immediately. Simons succeeds Dan Fulton, who turns 65 this year and will be retiring as planned. Effective August 1, 2013, Fulton will serve as Executive Vice Chairman of the Weyerhaeuser Board of Directors until his retirement in October 2013.  Full Article

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.  Full Article

Weyerhaeuser Co Signs Definitive Stock Purchase Agreement To Acquire Longview Timber LLC; Increases Quarterly Dividend; Arranges Financing
Sunday, 16 Jun 2013 01:00pm EDT 

Weyerhaeuser Co announced it has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for $2.65 billion, which includes the assumption of debt. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in July 2013. The Company is acquiring approximately 645,000 acres of timberlands in Washington and Oregon that are complementary and contiguous with the Company's existing acreage. This transaction will expand Weyerhaeuser's timber holdings in the Pacific Northwest by 33% to approximately 2.6 million acres and increase the total amount of U.S. timberlands it owns or controls to approximately 6.6 million acres. The Company expects to reach annual synergies of approximately $20 million within two years of closing. Upon closing, Weyerhaeuser expects the acquisition to be immediately accretive to the Company's funds available for distribution per share. In conjunction with and subject to the completion of the acquisition, the Company intends to increase its quarterly dividend from $0.20 per share to $0.22 per share beginning with the third quarter dividend, payable in September 2013. In conjunction with this transaction, Weyerhaeuser intends to raise approximately $2.45 billion in a combination of debt and equity. The Company has a committed senior unsecured bridge facility from Morgan Stanley.  Full Article

Weyerhaeuser Co Announces 18% Dividend Increase
Thursday, 11 Apr 2013 04:30pm EDT 

Weyerhaeuser Co announced that its board of directors has authorized an 18% increase in the Company's regular quarterly cash dividend, from $0.17 per share to $0.20 per share. The board declared a dividend of $0.20 per share on the common stock of the corporation, payable May 31, 2013, to shareholders of record at the close of business May 10, 2013.  Full Article

Weyerhaeuser Co Declares Dividend
Thursday, 14 Feb 2013 12:36pm EST 

Weyerhaeuser Co announced that it has declared a dividend of $0.17 per share on the common stock of the corporation payable March 15, 2013 to shareholders of record at the close of business March 1, 2013.  Full Article

Weyerhaeuser Co Announces 13% Dividend Increase
Thursday, 11 Oct 2012 04:10pm EDT 

Weyerhaeuser Co announced that its Board of Directors has authorized a 13% increase in the Company's regular quarterly cash dividend, from $0.15 per share to $0.17 per share.  Full Article

Weyerhaeuser Co Declares Dividend
Thursday, 9 Aug 2012 12:21pm EDT 

Weyerhaeuser Co announced that it declared a dividend of $0.15 per share on the common stock of the corporation payable September 14, 2012, to shareholders of record at the close of business August 30, 2012.  Full Article

Tri Pointe Homes set to hit big time with Weyerhaeuser deal

- Tri Pointe Homes Inc is buying Weyerhaeuser Co's homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas and make it one of the 10 biggest U.S. homebuilders. | Video

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