Forest / Wood Products

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Weyerhaeuser closes transaction to separate homebuilding business with TRI Pointe Homes Inc

Monday, 7 Jul 2014 12:17pm EDT

Weyerhaeuser Co:Closes Reverse Morris Trust transaction, pursuant to which a wholly owned subsidiary of TRI Pointe Homes Inc. merged with and into Weyerhaeuser Real Estate Company (WRECO).Weyerhaeuser's homebuilding business and an indirect wholly owned subsidiary, with WRECO surviving the merger and becoming a wholly owned subsidiary of TRI Pointe.Closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions.Pursuant to the exchange offer, which expired on July 2, 2014, Weyerhaeuser accepted 58,813,151 validly tendered and not properly withdrawn Weyerhaeuser common shares in exchange for 100,000,000 WRECO common shares.Because more than 58,813,151 Weyerhaeuser common shares were tendered, all WRECO common shares owned by Weyerhaeuser are expected to be delivered to Weyerhaeuser shareholders who tendered their Weyerhaeuser common shares in the exchange offer.No WRECO common shares are expected to be delivered to Weyerhaeuser shareholders as a pro rata dividend.As a result of the successful exchange offer, Weyerhaeuser expects to reduce its outstanding common shares by 58,813,151 shares.

Rougier Sylvaco and Rougier Panneaux to merge into Rougier Sylvaco Panneaux

Tuesday, 15 Apr 2014 03:01pm EDT

Rougier SA:Merges two subsidiaries Rougier Sylvaco and Rougier Panneaux, specialists in procurement and distribution in France of timber products and plywood from all over the world.Companies merged to strengthen the Rougier position and improve customer service.Substantial logistical and commercial synergies to be created.Rougier Sylvaco Panneaux to guarantee full chain of custody and substantial availability (more than 40,000 cubic metres of products imported from Europe, Africa, America and Asia).Operation is subject to approval of AGM on June 17.Operational merger scheduled for H2 2014.

Rayonier Inc announces plan to separate into two public companies

Monday, 27 Jan 2014 08:00am EST

Rayonier Inc:Says it intends to separate its Performance Fibers business from its Forest Resources and Real Estate businesses.Says the separation will result in two independent, publicly-traded companies by means of a tax-free spin-off of the Performance Fibers business to Rayonier shareholders.Says the separation is expected to be completed in mid-2014.

Yamadai Corp to merge with subsidiary

Friday, 24 Jan 2014 01:10am EST

Yamadai Corp:Says to merge with its wholly owned subsidiary, a Miyagi-based company engaged in the mountain forest management business, effective Apr. 1.Says the subsidiary will be dissolved after the merger.

Gascogne SA signs debt restructure agreement-Reuters

Monday, 13 Jan 2014 07:00pm EST

Gascogne SA:Announces to have concluded an agreement between all of its creditors and an investment consortium, that will enable the company to cope with its debt and treasury needs - Reuters.Says the agreement considers, amongst other things, negotiations aimed at signing a global agreement for restructure the company's debt and recapitalization of Gascogne SA by Gascogne Developpement.Says an industrial and commercial plan shall be implemented, concerning the company's four sectors of activity (wood, paper, bags and cans).

Bergs Timber publ AB Closes Bergs Timber Bitus AB's Partner Shop-Concept And Reduces Staff by Four

Monday, 30 Sep 2013 04:00am EDT

Bergs Timber publ AB announced that it has decided to discontinue Bergs Timber Bitus AB's Partner Shop-concept. The reason for it is lack of profitability. The closure includes staff reduction of four.


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