Replies to post #7645 on The Rising Influence of Rising Affluence

[DewDiligence]

PCL also reported 3Q13 results, although that’s but an afterthought in light of the major land acquisition and financing transaction (#msg-93465426):

http://finance.yahoo.com/news/plum-creek-timber-company-inc-200100190.html

CC at 6pm ET.

[DewDiligence]

Webcast slides on PCL’s $1.1B land acquisition:

http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUwMzQ2NTF8Q2hpbGRJRD01MjI4MDg

[jbog]

After reading Meads press release it seems like both companies obtained what they wanted.

http://finance.yahoo.com/news/mwv-announces-agreement-plum-creek-200300209.html

[DewDiligence]

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.