Assistant managing editor, puget sound business journal. Potlatch pch and plum creek pcl as not possessing any economic moat. Weyerhaeuser and plum creek timber announce merger wsj. Thanks to a recent gift, for example, umaine was able to renovate a large conference room in nutting hall, home to umaines school.
Director, investor relations, or by calling 253 9242058, or from plum creek upon written request to plum creek, 601 union street, suite 3100, seattle washington 98101, attention. Statement and each of weyerhaeuser and plum creek will mail the joint proxy statement to their respective shareholders or stockholders, as applicable, and file other documents regarding the proposed transaction with the sec. Annual estimates and forecasts are provided for the period 2007 through 2015. Structure process precedence spin none in timber spin merge gp plum creek 19962001 convert elect rayonier potlatch new york city.
Rick holley, ceo of plum creek, will become the nonexecutive. Archives of issues and articles grants interest rate. Shareholders of both companies approved the transaction at separate special meetings of shareholders held on feb. Following closing, weyerhaeuser and plum creek shareholders will own approximately 65% and 35%, respectively, of the combined companys common stock. Upon notice that plum creek merged with weyerhaeuser company, with weyerhaeuser company as the surviving entity, and that highland resources would soon merge with weyerhaeuser nr company, with weyerhaeuser nr company as the surviving entity, i entered an order substituting parties.
Weyerhaeuser, plum creek announce plans to merge flathead. Neither weyerhaeuser nor plum creek will update these forwardlooking statements. Plum creek marinedecktm specs designed for rigorous marine use with superior cp grade face all group 1, struc 1 species available with solid core under the face 2 side panels available. Weyerhaeuser completes merger with plum creek timber. Pcl today announced they have entered into a definitive agreement to create. Weyerhaeuser company is an american timberland company which owns nearly 12. Plum creek stockholders approve merger with weyerhaeuser. Wy today announced the completion of the merger with plum creek timber company, inc.
On november 6, 2015, weyerhaeuser company and plum creek timber company, inc. Driving instructions to renton senior activities center and gene coulon park. Plum creek, one of the largest land owners in the u. Stay informed with our stock, commodity, and macro analysis. Weyerhaeuser company wy has completed the pending merger with its rival plum creek.
Cfx announced today it will be temporarily curtailing operations at its bctmp mill in taylor, british columbia bc from june 29 through august 5, 2019, due to a combination of weaker market conditions and shortterm fibre constraints resulting from industrywide sawmill curtailments in the bc interior. Weyco to consider selling norpac, other mills local. As we saw in the first part of this series, weyerhaeuser is buying plum creek timber in a stockforstock merger. Sizing up the weyerhaeuserplum creek merger barrons. It is a pleasure to invite you to plum creeks annual meeting of stockholders on wednesday, may 7, 2008, beginning at 9. Major risks, uncertainties and assumptions that affect weyerhaeusers and plum creeks businesses and may cause actual results to differ materially from those expressed or implied in these. Plywood this report analyzes the worldwide markets for plywood in million cubic meters. Merger with plum creek got approval from weyerhaeusers. Coldwell banker real estate llc cole national corporation cole taylor bank colefax group plc coleman natural products, inc. This chapter discusses about histograms and distribution of data. Tappi members receive this newsletter freeofcharge as a benefit of membership. Weyerhaeuser company and plum creek said sunday that they will merge to create the worlds premier timber, land and forest products company with more than million acres of the most productive. Nov, 2015 deeper dive into the plum creek timberweyerhaeuser merger. On the terms and subject to the conditions set forth in the merger agreement, plum creek will merge with and into weyerhaeuser, with weyerhaeuser continuing as the surviving corporation in the merger.
Here, at your fingertips, are 34 years of issues and articles. Weyerhaeuser and plum creek announced a definitive agreement to merge on november 6, 2015. In connection with the october 6, 2001 merger with the timber company, plum creek agreed to indemnify georgiapacific for substantially. Weyerhaeuser company today announced the completion of the merger with plum creek timber company, inc. Weyerhaeuser completes merger with plum creek feb 19, 2016. Plywood this report analyzes the worldwide markets for plywood in thousand cubic meters. In 1904, after years of successful mississippi riverbased lumber and mill operations. By cathy johnson, natural resources council of maine, bangor daily news, july 16, 2005. Canfor pulp temporarily curtailing taylor bctmp mill. Plum creeks support of umaines students, research and programs is broad and deep. That time it was disclosed that following closing, weyerhaeuser and plum creek shareholders will own approximately 65% and 35%, respectively, of the combined companys common stock. Our wood products are used to build homes where families are sheltered and raised.
Weyerhaeuser completes merger with plum creek the working. Plum creek, a real estate investment trust, has proposed to develop 975 house lots, two luxury resorts, a marina, three rv parks, and more in the beautiful moosehead lake region in the heart of maines undeveloped north woods. Feb 12, 2016 plum creek and weyerhaeuser have coordinated the quarterly dividend plan in accordance with the merger agreement so that no holder of either company will receive two dividends or fail to receive. Its conversion was retroactive and became effective. Weyerhaeuser completes merger with plum creek timber wy. Shareholders of both companies approved the transaction at separate special. Trees are a remarkable resource that, when managed responsibly, can meet a wide range of fundamental needs for people and the planet for generations to come. In my judgment, victor niederhoffer is the single most insightful speculator my book, the education of a speculator, had just been published and was a. In both cases, champion and plum creek saw the benefit of working with the state of montana to ensure that the public would have open and free access. Nov 09, 2015 weyerhaeuser company and plum creek announced they have entered into a definitive agreement to create the worlds premier timber, land and forest products company with more than million acres of the most productive and diverse timberland in the u. Weyerhaeuser, plum creek timber reach deal to merge marketwatch. Included in blackrocks vast portfolio is a sizable ownership share in seven of the top 10 us forest product firms. Plum creek and weyerhaeuser merge, forming timber giant shares of real estate investment trust plum creek timber pcl, were rising monday morning thanks to its agreement to be purchased at a 14%.
Special items for the quarter included costs related to its merger with plum creek, an asset impairment, and restructuring. Weyerhaeuser wy announced the completion of the merger with plum creek timber pcl. The mae material adverse effect clause is one of the first things arbitrageurs look at in a merger agreement. To mark a past issue as a favorite, click on the star and it will appear on your dashboard. Search, browse and learn about the federal register. Nov 14, 2015 sizing up the weyerhaeuser plum creek merger. Framing the merger of plum creek pcl and weyerhaeuser wy. Plum creek timber is one of the biggest owners of us forest. Br retains large interest 11 percent, including 2 percent as general partner, according to the 1990 annual report, p. Plum creek pursuant to which plum creek would merge with and into the company the merger. Weyerhaeuser completes merger with plum creek midland paper.
Plum creek timber pcl is one of the largest landowners in the united. First, the merger of plum creek and weyerhaeuser reminds us of the relative. Plum creek and weyerhaeuser merge plum creek and weyerhaeuser announced a merger creating the countrys largest and most geographicallydiversified timber reit with million acres of sustainably managed forests and 38 wood products manufacturing facilities. Were on a mission to help investors make informed decisions. Weyerhaeuser and plum creek to merge, creating the worlds.
Merger dated november 6, 2015, plum creek timber company. Two timber companies with deep roots in the pacific northwest, weyerhaeuser and plum creek timber co. In contrast, weyerhaeuser had taken a series of steps in converting itself into a reit from 2009 to 2011. Weyerhaeuser outdoors springsummer 2016 page 1 merger of weyerhaeuser company and plum creek timber company completed as announced on february 12, 2016, weyerhaeuser company and plum creek timber company have merged and are now one company called weyerhaeuser company. A short history of timber reits and timos forest history society. Pcl today announced they have entered into a definitive agreement to create the worlds premier timber, land and forest products company with more than million acres of the most productive and diverse timberland in the u. With more than 12 million acres of timberlands in the u. Weyerhaeuser and plum creek, two timberowning enterprises deeply rooted in the pacific northwest, are merging to form what they call the worlds premiere timberland and forestproducts. Kimberlyclark s executive leadership team sets the strategic direction of the company, supports our passion for continual innovation, and our drive to meet the unmet needs of our customers, shoppers and users. This fixed exchange ratio represents an implied premium of. The november 2015 announced merger of plum creek pcl and weyerhaeuser wy, the two largest public timberlandowning real estate investment trusts timber reits in the united states, highlights the challenge of valuing timberland investments in public and private markets. Weyerhaeuser, plum creek, their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Weyerhaeuser completes merger with plum creek forest.
Financialization of the us forest products industry. Pdf adjustment of stock prices and volatility to changes. Timber reits weyerhaeuser, plum creek agree to merge. Weyerhaeuser company 11k jun 28 2016 seeking alpha. Weyerhaeuser company and weyerhaeuser nr company v. Plum creek timber company and the timber company to proceed with merger lanier launches digital copierprinterfax for midsized businesses r. Hansen medical shares spiked today on news that use of the sensei system in procedures for atrial fibrillation and other abnormal heart rhythms reduced patients exposure to harmful cancer causing radiation by 63 percent, and provided stable, precise catheter control with equivalent safety to nonrobotic procedures.
Weyerhaeuser company and plum creek, both companies with vast operations and long histories in arkansas, announced on sunday nov. Weyerhaeuser company annual analyst meeting new york, new york may 12, 2006. Current market value reflects separation of wys homebuilding business and the spinoff of ryns performance fibers business. Director, investor relations, or by calling 253 9242058, or from plum creek upon written request to plum creek. Driving instructions to the washington athletic club can be found at the back of this document.
Weyerhaeuser companys annual meeting of shareholders will be held may 20, 2016 to. Weyerhaeuser completes merger with plum creek weyerhaeuser image by stacey wesche forest business network weyerhaeuser company announced the completion of the merger with plum creek timber company, inc. The combined company retains the weyerhaeuser name and continues to be traded under the wy ticker symbol on the new york stock exchange. Nov, 2015 the plum creek timberweyerhaeuser merger and the mae clause. Plum creek weyerhaeuser merger receives shareholder nod february 16, 2016.
The combined company retains the weyerhaeuser name and continues to be traded under the wy ticker symbol. Plum creek entered into an agreement and plan of merger merger agreement pursuant to which plum creek. Weyerhaeuser and plum creek merged in 2016 to create a compelling opportunity for shareholders, customers and employees. Upon notice that plum creek merged with weyerhaeuser company, with weyerhaeuser company as the surviving entity, and that highland resources would soon merge with weyerhaeuser nr company, with weyerhaeuser nr.
Plum creek and weyerhaeuser merge, forming timber giant. During the quarter, weyerhaeuser also announced plans to merge with plum creek. Archived from the original pdf on november 9, 2006. Plum creek merged with and into weyerhaeuser on february 19.
Q3 2012 update we are neutral on weyerhaeusers wy riskreturn prospects but we note that a recovering. In addi tion to plum creek, the new reits included rayonier, potlatch, and briefly. Basics of the plum creek timberweyerhaeuser merger market. Overall, the ranking order remained relatively unchanged from 2016 while the composition changed with the addition of two firms. The first step toward understanding a list of numbers is to view its histogram to see its basic properties, such as typical values, special values, concentration, spread, the general pattern, and any separate groupings.
Joint proxy statement from weyerhaeuser upon written request to weyerhaeuser company, 33663 weyerhaeuser way south, federal way, washington 98003, attention. The report provides separate comprehensive analytics for the us, canada, japan, europe, china, rest of asiapacific, latin america, and south africa. Weyerhaeuser shareholders approve pending merger with plum creek. We delivered strong performance during a significantly transformational period in our companys history as we merged with plum creek timber. The merger creates the worlds premier timber, land and forest. Nov 08, 2015 this fixed exchange ratio represents an implied premium of. Event analysis of the impact of mergers and acquisitions. Timber companies weyerhaeuser company and plum creek timber co.
Weyerhaeuser reports fourth quarter, full year results pr newswire. Capitalizing on the reit opportunity 3 introduction traditionally, owners of commercial properties, such as. Wy came in at number one after taking over and merging with plum creek. Ewta news ewta member news around the industry resources ewta news ewta supplier award winners honored five ewta member companies were honored in. Market value reflects equity market capitalization plus net debt as of yearend including announced conversions. Weyerhaeuser and plum creek to merge, creating the worlds premier timber, land and forest products company. Weyerhaeuser wy announced completion of merger with plum. Plum creekweyerhaeuser merger receives shareholder nod. Weyerhaeuser earnings fall as it prepares for plum creek merger. Plum creek to merge with weyerhaeuser, creating largest.
1594 230 81 921 290 158 272 30 1226 489 1144 870 1166 1140 278 781 54 1601 795 868 1210 124 1367 1263 1398 1120 1028 592 1336 491 1343 460 212 434 387 1604 678 33 1346 968 691 80 226 736 664 1371 1304 587