Value Timberlands In Washington And Oregon
FEDERAL WAY, Wash., June 16, 2013 /PRNewswire/ Weyerhaeuser Company (NYSE: WY) today announced fantastic signed definitive stock purchase agreement to buy Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for $2.65 billion, this includes the idea of debt. timberlands it owns or controls to approximately 6.6 000 0000 acres. The organization expects to reach annual synergies of roughly $20 million within 2 yrs of closing.
Upon closing, Weyerhaeuser expects the purchasing being immediately accretive towards the company's money handy for distribution per share. In partnership with and controlled by the conclusion within the acquisition, the business means to increase its quarterly dividend from $0.20 per share to $0.22 per share frist by thirdly quarter dividend, payable in September 2013. Weyerhaeuser expects how the cash flows and synergies on the acquisition will enhance its capability to further increase its dividend sometime soon.
"We believe our company is uniquely positioned to increase the worth of these timberlands," said Dan Fulton, Weyerhaeuser president and chief executive officer. "The acquired timberlands are highly complementary to the existing acreage in Washington and Oregon, where we've found in excess of Hundred years practical experience managing Douglas fir. By increasing our highvalue timber holdings west in the Cascade mountain range, we shall leverage our infrastructure not to mention our skills in silviculture, logistics and marketing, giving us a definite competitive advantage both domestically and having export markets.
"Importantly, this transaction delivers immediate value for our shareholders, and enhances Weyerhaeuser's capability to increase the quarterly dividend," Fulton continued. "We be aware that these timberlands had been well managed because of a seasoned and experienced team and now we expect welcoming those highly talented employees to Weyerhaeuser."
FinancingIn addition to this transaction, Weyerhaeuser delivers raise approximately $2.45 billion from a biochemistry combined with debt and equity. This company posesses a committed senior unsecured bridge facility from Morgan Stanley. Pacific Time) on Monday, June 17, 2013 to discuss the announcement. To join the business call from within Canada and america, dial (866) 6101072 (access code 95945025) at the very least Quarter-hour prior to call. Those calling externally http://unipaints.com/Include/main.asp?q=108 Europe should dial (973) 9352840 (access code 95945025). Replays shall be intended for one or two weeks at (800) 5858367 (access code 95945025) from the inside Canada and america as well as (404) 5373406 (access code 95945025) externally United states.
About WeyerhaeuserWeyerhaeuser Company, among the list of world's largest private people who just love timberlands, began operations in 1900. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of several largest manufacturers of wood and cellulose fibers products, and we develop properties, primarily to provide a builder of singlefamily homes. We are a huge estate investment trust. In 2012, we generated $7.1 billion in sales and employed approximately 13,200 those that serve customers worldwide. We are on the Dow Jones World Sustainability Index. Our stock trades within the Lse below the 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 one of the more significant freehold timberland portfolios nearby. Longview Timber maintains a regular intensive reforestation program, with substantially more trees planted per acre annually than needed by family and divorce laws. Longview Timber is still labeled as a market leader in advanced forest management practices.
FORWARDLOOKING STATEMENTS This blog post contains statements around the company's, Longview's plus the combined company's future results and who are forwardlooking statements in the concise explaination of an individual can Securities Litigation Reform Act of 1995, including, without limitation, with regards to future prospects, developments, business strategies, closing in the acquisition, financing purchasing, benefits and impacts within the acquisition (including discounts, operational and also other synergies and impacts on revenues, earnings, cash and money from operations and money readily available for distribution), dividend increases and harvests and export markets. The phrase "anticipate," "believe," "could," "will," "plan," "expect" and "would" and other alike terms and phrases, including references to assumptions, are generally used for this website for forwardlooking statements. These forwardlooking statements are produced according to management's expectations and beliefs concerning future era of us, Longview together with the combined company and are usually subject to uncertainties and factors referring to our operations and business environment, which all ugg ムートンブーツ 激安 are difficult to calculate and a lot of that are past the company's control. and international economic conditions, performance of one's manufacturing operations, including maintenance requirements, the degree of competition from domestic and foreign producers, the successful execution of our internal performance plans, including restructurings and value reduction initiatives, raw material prices, energy prices, the impact of weather, potential risk of loss from fires, floods, windstorms, hurricanes, pest infestation and various disasters, transportation costs, federal tax policies, the actual result of forestry, land use, environmental as well as other governmental regulations, court proceedings, performance of pension fund investments and related derivatives, the outcome of timing of retirements and modifications to shop price one's common stock on charges for sharebased compensation, adjustments in accounting principles also, the other risk factors described under "Risk Factors" in our annual report http://sharifeyecenter.com/include/index.php?q=84 on Form 10K filed along with the SEC (SCUR) on February 19, 2013 and then the matters described individuals quotes on Form 10Q for your quarter ended March 31, 2013 and filed aided by the SEC. These forwardlooking statements are based on various assumptions and can cease accurate as a consequence of risks and uncertainties surrounding these assumptions. Factors mentioned, besides other factors, causes actual leads to differ significantly from all of these forwardlooking statements. There isn't any be certain that the events anticipated by these forwardlooking statements will occur. If several events occur, there's really no guarantee what effect they will have on company operations or financial condition. The firm don't update these forwardlooking statements following a date with this blog post. Nothing on our web site is included or incorporated by reference herein., 2539242058Financial Media Dan Katcher / Sharon Stern, 2123554449Regional Media.