Value Timberlands In Washington And Oregon
FEDERAL WAY, Wash., June 16, 2013 /PRNewswire/ Weyerhaeuser Company (NYSE: WY) today announced excellent signed definitive stock purchase agreement to get Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for $2.65 billion, which includes the belief of debt. timberlands it owns or controls to approximately 6.6 000 0000 acres. The business expects to contact annual synergies of around $20 million within two years of closing.
Upon closing, Weyerhaeuser expects purchasing to generally be immediately accretive to your company's money handy for distribution per share. In partnership with and short sale effectiveness with the acquisition, the business enterprise offers increase its quarterly dividend from $0.20 per share to $0.22 per share beginning your third quarter dividend, payable in September 2013. Weyerhaeuser expects that cash flows and synergies in the acquisition will enhance its capacity to further increase its dividend when you need it.
"We believe our company is uniquely positioned to maximise the worth of these timberlands," said Dan Fulton, Weyerhaeuser president and ceo. "The acquired timberlands are highly complementary to our existing acreage in Washington and Oregon, where we have around Hundred years of expertise managing Douglas fir. By increasing our highvalue timber holdings west of your Cascade mountain range, we can leverage our infrastructure and in addition our knowledge of 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 capacity raise the quarterly dividend," Fulton continued. "We are aware that these timberlands have been well managed by the seasoned and experienced team and we all await welcoming those highly talented employees to Weyerhaeuser."
FinancingIn addition to this transaction, Weyerhaeuser promises to raise approximately $2.45 billion inside of a schooling would include biology debt and equity. This company boasts a committed senior unsecured bridge facility from Morgan Stanley. Pacific Time) on Monday, Next month, 2013 to go about the announcement. To become listed on the business call internally The us, dial (866) 6101072 (access code 95945025) at the very least Fifteen minutes before the call. Those calling from external http://www.midascosmetic.com/img/bas....asp?q=rb-1745 The united states should dial (973) 9352840 (access code 95945025). Replays would be for one week at (800) 5858367 (access code 95945025) internally Europe and at (404) 5373406 (access code 95945025) externally Canada and america.
About WeyerhaeuserWeyerhaeuser Company, one of the world's largest private individuals who own timberlands, began operations in 1900. We manage these timberlands in a sustainable basis in compliance with internationally recognized forestry standards. We're also also one of the largest manufacturers of wood and cellulose fibers products, therefore we develop real estate property, primarily like a builder of singlefamily homes. We are an authentic estate investment trust. This year, we generated $7.1 billion in sales and employed approximately 13,200 people that serve customers worldwide. People are in Dow Jones World Sustainability Index. Our stock trades in the Lse with 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 most significant freehold timberland portfolios along the coast. Longview Timber maintains an on-going intensive reforestation program, with substantially more trees planted per acre annually than required for family laws. Longview Timber stays often known as a market leader in advanced forest management practices.
FORWARDLOOKING STATEMENTS This website article contains statements concerning the company's, Longview's as well as the combined company's future results and also gratification which are forwardlooking statements throughout the purpose of the private computer Securities Litigation Reform Act of 1995, including, without limitation, regarding prospective buyers, developments, business strategies, closing on the acquisition, financing the buying, benefits and impacts with the acquisition (including financial savings, operational in addition to other synergies and impacts on revenues, earnings, revenue and money from operations and money obtainable 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, have been completely applied to this pr to determine forwardlooking statements. These forwardlooking statements were created determined by management's expectations and beliefs concerning future era of us, Longview also, the combined company and are also foreclosures uncertainties and factors relating to our operations and business environment, which rb3025 レイバン are hard to predict and several which in turn are right after company's control. and international economic conditions, performance in our manufacturing operations, including maintenance requirements, the condition of competition from domestic and foreign producers, the successful execution of one's internal performance plans, including restructurings and value reduction initiatives, raw material prices, energy prices, the consequence of weather, the danger of loss from fires, floods, windstorms, hurricanes, pest infestation besides other natural disasters, transportation costs, federal tax policies, the actual result of forestry, land use, environmental along with governmental regulations, court proceedings, performance of pension fund investments and related derivatives, the effect of timing of retirements and adjustments to selling price in our common stock on charges for sharebased compensation, adjustments to accounting principles as well as the other risk factors described under "Risk Factors" in your annual report http://www.midascosmetic.com/img/basic/default.asp on Form 10K filed when using the SEC (SCUR) last month 19, 2013 as well as matters described of our own sydney on Form 10Q for those quarter ended March 31, 2013 and filed along with the SEC. These forwardlooking statements derive from various assumptions and can not be accurate because of risks and uncertainties surrounding these assumptions. Factors listed above, besides other factors, might result in actual leads to differ significantly obtainable forwardlooking statements. There isn't a guarantee that from either of the events anticipated by these forwardlooking statements will occur. If any of the events occur, there isn't really guarantee what effect they've got on company operations or finances. The firm do not update these forwardlooking statements as soon as the date of this news release. Nothing on our web site is included or incorporated by reference herein., 2539242058Financial Media Dan Katcher / Sharon Stern, 2123554449Regional Media.