Shareholders of both companies approved the transaction at separate special. 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. Stay informed with our stock, commodity, and macro analysis. 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. 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. 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. Event analysis of the impact of mergers and acquisitions. Plum creek timber pcl is one of the largest landowners in the united. The mae material adverse effect clause is one of the first things arbitrageurs look at in a merger agreement. 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. Pcl today announced they have entered into a definitive agreement to create. Weyerhaeuser companys annual meeting of shareholders will be held may 20, 2016 to. 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. Nov 08, 2015 this fixed exchange ratio represents an implied premium of.
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. The merger creates the worlds premier timber, land and forest. Very limited parking is available on the right south side, which is directly east of the pool entrance. Search, browse and learn about the federal register. 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. First, the merger of plum creek and weyerhaeuser reminds us of the relative. Weyerhaeuser completes merger with plum creek timber wy.
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%. Joint proxy statement from weyerhaeuser upon written request to weyerhaeuser company, 33663 weyerhaeuser way south, federal way, washington 98003, attention. Weyerhaeuser completes merger with plum creek timber. Weyerhaeuser company 11k jun 28 2016 seeking alpha. Weyerhaeuser company is an american timberland company which owns nearly 12. Two timber companies with deep roots in the pacific northwest, weyerhaeuser and plum creek timber co. Br retains large interest 11 percent, including 2 percent as general partner, according to the 1990 annual report, p. In addition, security holders will be able to obtain free copies of the registration statement and the joint proxy statement from weyerhaeuser upon written request to weyerhaeuser company, 33663 weyerhaeuser way south, federal way, washington 98003, attention. Nov, 2015 deeper dive into the plum creek timberweyerhaeuser merger. Potlatch pch and plum creek pcl as not possessing any economic moat.
This fixed exchange ratio represents an implied premium of. In addi tion to plum creek, the new reits included rayonier, potlatch, and briefly. With more than 12 million acres of timberlands in the u. General parking is available 200 yards east in the parking lot at the northeast corner of meridian and plum. Weyerhaeuser and plum creek announced a definitive agreement to merge on november 6, 2015. Nov 14, 2015 sizing up the weyerhaeuser plum creek merger. Weyerhaeuser completes merger with plum creek feb 19, 2016. Merger dated november 6, 2015, plum creek timber company. Plywood this report analyzes the worldwide markets for plywood in thousand cubic meters. Shareholders of both companies approved the transaction at separate special meetings of shareholders held on feb.
Timber reits weyerhaeuser, plum creek agree to merge. Q3 2012 update we are neutral on weyerhaeusers wy riskreturn prospects but we note that a recovering. Following closing, weyerhaeuser and plum creek shareholders will own approximately 65% and 35%, respectively, of the combined companys common stock. Weyerhaeuser and plum creek to merge, creating the worlds. By cathy johnson, natural resources council of maine, bangor daily news, july 16, 2005. Current market value reflects separation of wys homebuilding business and the spinoff of ryns performance fibers business. 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. Weyerhaeuser company today announced the completion of the merger with plum creek timber company, inc. Plum creek pursuant to which plum creek would merge with and into the company the merger. Annual estimates and forecasts are provided for the period 2007 through 2015. Canfor pulp temporarily curtailing taylor bctmp mill. Weyerhaeuser company and plum creek, both companies with vast operations and long histories in arkansas, announced on sunday nov. Weyerhaeuser company and weyerhaeuser nr company v.
Pdf adjustment of stock prices and volatility to changes. During the quarter, weyerhaeuser also announced plans to merge with plum creek. Thanks to a recent gift, for example, umaine was able to renovate a large conference room in nutting hall, home to umaines school. Market value reflects equity market capitalization plus net debt as of yearend including announced conversions. Plum creeks support of umaines students, research and programs is broad and deep. 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. 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. Special items for the quarter included costs related to its merger with plum creek, an asset impairment, and restructuring. 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.
Weyerhaeuser company annual analyst meeting new york, new york may 12, 2006. Plum creek and weyerhaeuser merge, forming timber giant. Wy came in at number one after taking over and merging with plum creek. Director, investor relations, or by calling 253 9242058, or from plum creek upon written request to plum creek. Weyco to consider selling norpac, other mills local. In contrast, weyerhaeuser had taken a series of steps in converting itself into a reit from 2009 to 2011. It is a pleasure to invite you to plum creeks annual meeting of stockholders on wednesday, may 7, 2008, beginning at 9. Sizing up the weyerhaeuserplum creek merger barrons. 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. Plum creek, one of the largest land owners in the u. Weyerhaeuser earnings fall as it prepares for plum creek merger.
Weyerhaeuser completes merger with plum creek forest. 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. 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. Nov, 2015 the plum creek timberweyerhaeuser merger and the mae clause. Merger with plum creek got approval from weyerhaeusers. The combined company retains the weyerhaeuser name and continues to be traded under the wy ticker symbol on the new york stock exchange.
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. Plum creek weyerhaeuser merger receives shareholder nod february 16, 2016. Framing the merger of plum creek pcl and weyerhaeuser wy. A short history of timber reits and timos forest history society. As we saw in the first part of this series, weyerhaeuser is buying plum creek timber in a stockforstock merger. Plum creek timber company and the timber company to proceed with merger lanier launches digital copierprinterfax for midsized businesses r. Were on a mission to help investors make informed decisions. Structure process precedence spin none in timber spin merge gp plum creek 19962001 convert elect rayonier potlatch new york city. 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. Included in blackrocks vast portfolio is a sizable ownership share in seven of the top 10 us forest product firms.
Plum creek stockholders approve merger with weyerhaeuser. Plum creek to merge with weyerhaeuser, creating largest. Here, at your fingertips, are 34 years of issues and articles. Tappi members receive this newsletter freeofcharge as a benefit of membership. Neither weyerhaeuser nor plum creek will update these forwardlooking statements. Plum creek entered into an agreement and plan of merger merger agreement pursuant to which plum creek. Weyerhaeuser company wy has completed the pending merger with its rival plum creek.
Weyerhaeuser wy announced completion of merger with plum. Weyerhaeuser completes merger with plum creek the working. Capitalizing on the reit opportunity 3 introduction traditionally, owners of commercial properties, such as. Wy today announced the completion of the merger with plum creek timber company, inc.
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. Archived from the original pdf on november 9, 2006. 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. Driving instructions to renton senior activities center and gene coulon park. Weyerhaeuser shareholders approve pending merger with plum creek. Plum creek timber is one of the biggest owners of us forest. Overall, the ranking order remained relatively unchanged from 2016 while the composition changed with the addition of two firms. Coldwell banker real estate llc cole national corporation cole taylor bank colefax group plc coleman natural products, inc. Archives of issues and articles grants interest rate. Ewta news ewta member news around the industry resources ewta news ewta supplier award winners honored five ewta member companies were honored in. 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. Weyerhaeuser wy announced the completion of the merger with plum creek timber pcl. Weyerhaeuser, plum creek timber reach deal to merge marketwatch.
Basics of the plum creek timberweyerhaeuser merger market. On november 6, 2015, weyerhaeuser company and plum creek timber company, inc. The combined company retains the weyerhaeuser name and continues to be traded under the wy ticker symbol. Weyerhaeuser and plum creek timber announce merger wsj. In 1904, after years of successful mississippi riverbased lumber and mill operations. In connection with the october 6, 2001 merger with the timber company, plum creek agreed to indemnify georgiapacific for substantially. We delivered strong performance during a significantly transformational period in our companys history as we merged with plum creek timber. Its conversion was retroactive and became effective. 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. Plum creek merged with and into weyerhaeuser on february 19. Assistant managing editor, puget sound business journal. This chapter discusses about histograms and distribution of data.
Financialization of the us forest products industry. 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. Weyerhaeuser reports fourth quarter, full year results pr newswire. 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. Plum creekweyerhaeuser merger receives shareholder nod. Weyerhaeuser and plum creek merged in 2016 to create a compelling opportunity for shareholders, customers and employees. The report provides separate comprehensive analytics for the us, canada, japan, europe, china, rest of asiapacific, latin america, and south africa. 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. Our wood products are used to build homes where families are sheltered and raised. Weyerhaeuser completes merger with plum creek midland paper. Rick holley, ceo of plum creek, will become the nonexecutive.
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. To mark a past issue as a favorite, click on the star and it will appear on your dashboard. Weyerhaeuser and plum creek to merge, creating the worlds premier timber, land and forest products company. Plywood this report analyzes the worldwide markets for plywood in million cubic meters. 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. Driving instructions to the washington athletic club can be found at the back of this document. Timber companies weyerhaeuser company and plum creek timber co.
975 683 1183 502 218 691 434 276 1486 671 1486 211 38 179 1226 1087 435 764 84 1360 1073 992 1157 665 971 1367 137 1023 998 495 1260 343 953 928 835 1528 1498 339 957 487 355 52 727 731 179 728 598