Market Overview

Weyerhaeuser, Plum Creek to Merge in All-Stock Transaction

Related WY
Universal Forest's Long-Term Prospects Solid, Runs Risks
Chicago Bridge & Iron Wins License and Engineering Contract

Weyerhaeuser Company (NYSE: WY) and Plum Creek (NYSE: PCL) today announced they have entered into a definitive agreement to create the world's premier timber, land and forest products company with more than 13 million acres of the most productive and diverse timberland in the U.S. At closing, the combined company is expected to have an equity value of $23 billion based on current share prices. The combined EBITDA for both companies in 2014 was $2.2 billion.

Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each share of Plum Creek

See full press release

Posted-In: News M&A Press Releases


Related Articles (PCL + WY)

View Comments and Join the Discussion!