Hints and tips:
...Share prices for the two largest Canadian lumber corporations, Canfor Corporation and West Fraser Timber Co Ltd, and Weyerhaeuser Co, the largest US producer, have all hit record highs this month....
...Weyerhaeuser, a real estate investment trust that owns timberlands, has jumped 7.1 per cent to $32.08, while Exelon, a power utility, has climbed 3.9 per cent to $35.22....
...Simons, chief executive of Weyerhaeuser, will retain his role following the merger....
...The cost savings Weyerhaeuser foresees, of $100m a year, are worth perhaps $1bn. So Weyerhaeuser is betting that Plum Creek was undervalued. It is a leveraged bet, too....
...Other recent deals to have used the structure include Weyerhaeuser’s sale of its housebuilding division to Tri Pointe Homes in 2013, and PPG Industries’ sale of its commodity chemicals operations to Georgia...
...The Weyerhaeuser unit will also pay $700m in cash to its parent. Weyerhaeuser shareholders will own 80.5 per cent of the combined company after the deal is completed....
...Weyerhaeuser shareholders will then own 81 per cent of the new Tri Pointe....
...Subject to the completion of the purchase, Weyerhaeuser said it plans to boost quarterly dividends by 2 cents to 22 cents a share....
...Take Weyerhaeuser....
...(Foreign Policy) “Tri Pointe Homes, a homebuilder backed by Barry Sternlicht’s Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co’s homebuilding division for about $2.7 billion, according...
...In the last six months alone, Weyerhaeuser, which grows and harvests timber to be manufactured into lumber, and Plum Creek, one of the largest timber landowners in the US, have seen their shares rise 35...
...Home improvement retailers – Home Depot and Lowe’s – are up 60 per cent in the past 12 months, as is the timber group Weyerhaeuser. The retailers are above their pre-Lehman peak....
...The bank has identified seven companies where pension contributions are estimated to be more than half of average annual cash flow from operations over the past five years: AK Steel, Goodyear Tire, Weyerhaeuser...
...Cafaro serves on the board of Weyerhaeuser, an integrated forest products company, as well as the board of the National Association of Real Estate Investment Trusts....
...Richard Brooks, Greenpeace’s forest campaign co-ordinator, said that “it really is a truce after many years of fighting each other”....
...To explain the risks, Mr Zion points to Weyerhaeuser, a wood products company....
...Weyerhaeuser was the session’s best performer as the stock rallied 8.4 per cent to $38.86. The timberland and forest products company declared a special dividend worth a combined $5.6bn....
...Weyerhaeuser, one of the world’s largest pulp and paper companies, was raised to “neutral” from “underperform” at Credit Suisse....
...Weyerhaeuser, one of the world’s largest pulp and paper companies, announced it would convert to a Reit and pay a special dividend as part of the move....
...During the last four months of 2000, General Electric launched a $45bn bid for Honeywell International; Weyerhaeuser acquired Willamette Industries for $5.3bn and Unilever made an unsolicited $21.3bn cash...
...The legislation, for now, contains a provision that could slash Weyerhaeuser’s logging tax bill....
...Weyerhaeuser, which recently agreed to sell its containerboard business, is also trying to sell a unit that makes plastic composites. Quanex is planning a spin-off of its building products unit....
...the US stock market, meanwhile, a very large number of stocks have just recently made new yearly lows including AIG, GE, Citigroup, JPMorgan Chase, Bank of America, Wachovia, MGM Mirage, Wynn Resorts, Weyerhaeuser...
...Weyerhaeuser was also higher in spite of a 55 per cent fall in net income as the US housing slump hit demand for its timber products. The shares were up 2.2 per cent to $75.91....
...Weyerhaeuser , the timber company, jumped 8.1 per cent to $73.85, after a shareholder said that the shares could hit $100 if it became a Reit and sold assets....
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