Followers | 241 |
Posts | 12150 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Tuesday, May 13, 2014 10:07:09 AM
Timber conglomerate Weyerhaeuser Co. (WY) said Monday that it intends to split off its home-building unit in connection with its plan to merge the operations with a unit of TRI Pointe Homes Inc. (TPH).
The Washington real-estate company disclosed plans in November to merge its real-estate company with the TRI Pointe unit in a so-called Reverse Morris Trust transaction.
It said at that time that the deal would be set up as either a split-off, where shareholders could elect whether to exchange their Weyerhaeuser shares for shares in the real-estate company, or as a spinoff where all Weyerhaeuser shareholders would participate.
The terms of the exchange are yet to be disclosed.
Weyerhaeuser's increased focus on its core wood-products division has been paying off as the housing market rebounds. Last quarter, the company reported stronger earnings as sales increased despite severe winter weather. Timberlands business sales jumped 29% driven by higher prices for western logs.
The company's stock, down 3.38% over the past 12 months, was up 43 cents to $30.46 in recent after-hours trading Monday.
Write to Maria Armental at maria.armental@wsj.com
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent WY News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:54:27 PM
- Weyerhaeuser and The Nature Conservancy Announce Joint Effort to Increase Focus on the Power of Forests to Fight Climate Change • PR Newswire (US) • 09/17/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 11:28:47 PM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 10:24:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 09:53:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 01:48:01 PM
- Weyerhaeuser Company Declares Dividend on Common Shares • PR Newswire (US) • 08/09/2024 01:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 08:15:55 PM
- Weyerhaeuser Reports Second Quarter 2024 Results • PR Newswire (US) • 07/25/2024 08:25:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:15:31 PM
- Weyerhaeuser Acquiring High-Quality Timberlands in Alabama • PR Newswire (US) • 07/25/2024 08:10:00 PM
- Weyerhaeuser to Invest $1 Million in Rural Washington Community • PR Newswire (US) • 07/16/2024 08:30:00 PM
- Weyerhaeuser to Release Second Quarter Results on July 25 • PR Newswire (US) • 06/26/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 01:57:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 08:55:27 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 06/05/2024 08:43:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:54:49 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:43:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:35:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 11:15:46 PM
- Stockfish and Wold to Represent Weyerhaeuser at Nareit's REITweek: 2024 Investor Conference • PR Newswire (US) • 05/21/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:40:42 PM
- Weyerhaeuser, Firefighter Behavioral Health Alliance Partner for Third Year to Provide Mental Health Resources for Wildland Firefighters • PR Newswire (US) • 05/15/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 11:01:22 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM