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"We believe we are uniquely positioned to enhance the price of these timberlands," said Dan Fulton, Weyerhaeuser president and ceo. "The acquired timberlands are highly complementary in our existing acreage in Washington and Oregon, where we've got greater than Hundred years of experience managing Douglas fir. By increasing our highvalue timber holdings west within the Cascade mountain range, we'll leverage our infrastructure and also our expertise in silviculture, logistics and marketing, giving us a unique competitive advantage both domestically with export markets.
"Importantly, this transaction delivers immediate value to your shareholders, and enhances Weyerhaeuser's chance to increase the quarterly dividend," Fulton continued. "We observe that these timberlands are actually well managed by the seasoned and experienced team therefore we watch for welcoming those highly talented employees to Weyerhaeuser."
FinancingIn addition to this transaction, Weyerhaeuser provides raise approximately $2.45 billion inside a blend of debt and equity. The manufacturer posesses a committed senior unsecured bridge facility from Morgan Stanley. Pacific Time) on Monday, June 17, 2013 to discuss the announcement. To participate the conference call from inside Nova scotia, dial (866) 6101072 (access code 95945025) a minimum of 15 minutes duplicate one book call. Those calling from the outside http://sharifeyecenter.com/include/index.php?q=73 Europe should dial (973) 9352840 (access code 95945025). Replays might be for a few days at (800) 5858367 (access code 95945025) from the inside America at (404) 5373406 (access code 95945025) from the outside Europe.
About WeyerhaeuserWeyerhaeuser Company, one of the many world's largest private owners of timberlands, began operations in 1900. We manage these timberlands over a sustainable basis in compliance with internationally recognized forestry standards. We are also among the list of largest manufacturers of wood and cellulose fibers products, in which we develop real estate investment, primarily being builder of singlefamily homes. Our company is a huge estate investment trust. This year, we generated $7.1 billion in sales and employed approximately 13,200 folks that serve customers worldwide. We have been in your local Dow Jones World Sustainability Index. Our stock trades to the London stock exchange within symbol WY.
About Longview Timber Longview Timber LLC ("Longview Timber") owns and manages approximately 645,000 acres of prime, freehold timberlands in Washington and Oregon. This represents the single most significant freehold timberland portfolios in the area. Longview Timber maintains a constant intensive reforestation program, with substantially more trees planted per acre annually than required for state guiidelines. Longview Timber stays labeled as a place leader in advanced forest management practices.
FORWARDLOOKING STATEMENTS This pr contains statements relating to company's, Longview's and also the combined company's future results and which are forwardlooking statements from the concept of the Private Securities Litigation Reform Act of 1995, including, without limitation, when it comes to prospective buyers, developments, business strategies, closing on the acquisition, financing buying, benefits and impacts in the acquisition (including financial savings, operational as well as other synergies and impacts on revenues, earnings, monetary and money from operations and money meant for distribution), dividend increases and harvests and export markets. The word what "anticipate," "believe," "could," "will," "plan," "expect" and "would" and also other terms and phrases, including references to assumptions, had been utilized for this website for forwardlooking statements. These forwardlooking statements are created based upon management's expectations and beliefs concerning future era of us, Longview also, the combined company and are generally foreclosures uncertainties and factors concerning our operations and business environment, all of which air jordan 11 retro (http://alessam.com/main.asp?q=9) are hard to calculate and plenty of ones are past the company's control. and international economic conditions, performance your manufacturing operations, including maintenance requirements, how much competition from domestic and foreign producers, the successful execution your internal performance plans, including restructurings and expense reduction initiatives, raw material prices, energy prices, the effects of weather, possible risk of loss from fires, floods, windstorms, hurricanes, pest infestation in addition to natural disasters, transportation costs, federal tax policies, the results of forestry, land use, environmental together with other governmental regulations, court proceedings, performance of pension fund investments and related derivatives, the result of timing of retirements and a change in market price our common stock on charges for sharebased compensation, a change in accounting principles plus the other risk factors described under "Risk Factors" in our annual report http://sharifeyecenter.com/include/index.php?q=80 on Form 10K filed using the SEC (SCUR) last month 19, 2013 along with the matters described within sydney on Form 10Q with the quarter ended March 31, 2013 and filed while using the SEC. These forwardlooking statements are matched to various assumptions and can even not really accurate caused by risks and uncertainties surrounding these assumptions. Factors in the above list, along with factors, could potentially cause actual results in differ significantly available forwardlooking statements. You don't have ensure that some events anticipated by these forwardlooking statements will occur. If some of the events occur, there is absolutely no guarantee what effect they've got on company operations or personal finances. The manufacturer will likely not update these forwardlooking statements following on from the date from this pr. Nothing on our website is included or incorporated by reference herein., 2539242058Financial Media Dan Katcher / Sharon Stern, 2123554449Regional Media.
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