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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7645

Wednesday, 10/30/2013 9:46:53 PM

Wednesday, October 30, 2013 9:46:53 PM

Post# of 30563
PCL prices 13.9M* shares at $45.00:

http://finance.yahoo.com/news/plum-creek-timber-company-inc-124100313.html

The size of the offering was reduced from the 16.2M* shares announced in Monday’s PR (#msg-93465426).

The new shares increase the number of diluted shares outstanding by 8.5%; however, PCL says the land acquisition from MeadWestvaco (#msg-93465426) will be immediately accretive to cash flow per share even after taking into account the larger number of shares outstanding.

*Assuming exercise of underwriter’s overallotment.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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