Value Timberlands In Washington And Oregon
FEDERAL WAY, Wash., June 16, 2013 /PRNewswire/ Weyerhaeuser Company (NYSE: WY) today announced within the signed definitive stock purchase agreement to purchase Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for $2.65 billion, consisting of the idea of debt. timberlands it owns or controls to approximately 6.6 million acres. The business expects to succeed in annual synergies of around $20 million within two years of closing.
Upon closing, Weyerhaeuser expects the purchasing to be immediately accretive to the company's funds available for distribution per share. In partnership with and be more responsive to effectiveness of your acquisition, the business wants to increase its quarterly dividend from $0.20 per share to $0.22 per share starting with the next quarter dividend, payable in September 2013. Weyerhaeuser expects of the fact that cash flows and synergies in the acquisition will enhance its ability to further increase its dividend sometime soon.
"We believe our company is uniquely positioned to enhance require these timberlands," said Dan Fulton, Weyerhaeuser president and chief executive officer. "The acquired timberlands are highly complementary for your existing acreage in Washington and Oregon, where we've got around 100 years of experience managing Douglas fir. By increasing our highvalue timber holdings west of the Cascade mountain range, we shall leverage our infrastructure and our information about silviculture, logistics and marketing, giving us a unique competitive advantage both domestically research export markets.
"Importantly, this transaction delivers immediate value in our shareholders, and enhances Weyerhaeuser's capacity boost quarterly dividend," Fulton continued. "We understand these timberlands have already been well managed by a seasoned and experienced team and anticipate welcoming those highly talented employees to Weyerhaeuser."
FinancingIn addition to this transaction, Weyerhaeuser offers to raise approximately $2.45 billion in the education debt and equity. The company boasts a committed senior unsecured bridge facility from Morgan Stanley. Pacific Time) on Monday, Next month, 2013 to discuss the announcement. To participate in the conference call from within The united states, dial (866) 6101072 (access code 95945025) not less than Quarter of an hour prior to a call. Those calling external to http://www.kabulguide.net/nb6.html The united states should dial (973) 9352840 (access code 95945025). Replays is going to be designed for a few days at (800) 5858367 (access code 95945025) internally The states and also at (404) 5373406 (access code 95945025) from outside The usa.
About WeyerhaeuserWeyerhaeuser Company, one of the several world's largest private people who just love timberlands, began operations in 1900. We manage these timberlands using a sustainable basis in compliance with internationally recognized forestry standards. We have been also amongst the largest manufacturers of wood and cellulose fibers products, so we develop real estate, primarily as the builder of singlefamily homes. Our company is a genuine estate investment trust. In 2012, we generated $7.1 billion in sales and employed approximately 13,200 men and women that serve customers worldwide. Our company is on the Dow Jones World Sustainability Index. Our stock trades about the New York Stock Exchange 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 the single most significant freehold timberland portfolios in your area. Longview Timber maintains a regular intensive reforestation program, with substantially more trees planted per acre annually than required for family laws. Longview Timber has become labeled as an industry leader in advanced forest management practices.
FORWARDLOOKING STATEMENTS This website article contains statements relating to the company's, Longview's as well as combined company's future results and also gratifaction which are forwardlooking statements inside of the purpose of the private computer Securities Litigation Reform Act of 1995, including, without limitation, when it comes to prospective buyers, developments, business strategies, closing of your acquisition, financing buying, benefits and impacts within the acquisition (including saving money, operational in addition to other synergies and impacts on revenues, earnings, monetary and funds from operations and money readily available distribution), dividend increases and harvests and export markets. What "anticipate," "believe," "could," "will," "plan," "expect" and "would" and similar terms and phrases, including references to assumptions, have already been applied to this blog post to distinguish forwardlooking statements. These forwardlooking statements are created in line with management's expectations and beliefs concerning future era of us, Longview and the combined company and they are susceptible to uncertainties and factors having to do with our operations and business environment, which all アディダスオリジナルス 店舗 take time and effort to calculate and lots of this are in the evening company's control. and international economic conditions, performance of one's manufacturing operations, including maintenance requirements, the amount of competition from domestic and foreign producers, the successful execution of our own internal performance plans, including restructurings and price reduction initiatives, raw material prices, energy prices, the outcome of weather, the possible risk of loss from fires, floods, windstorms, hurricanes, pest infestation along with natural disasters, transportation costs, federal tax policies, the effect of forestry, land use, environmental and various other governmental regulations, legal proceedings, performance of pension fund investments and related derivatives, the actual result of timing of retirements and variations in monatary amount of our common stock on charges for sharebased compensation, a change in accounting principles and then the other risk factors described under "Risk Factors" throughout our annual report http://www.kabulguide.net/nb6.html on Form 10K filed considering the SEC (SCUR) on February 19, 2013 and the matters described throughout our sydney on Form 10Q to your quarter ended March 31, 2013 and filed with the SEC. These forwardlooking statements depend on various assumptions and can not really accurate by reason of risks and uncertainties surrounding these assumptions. Factors in the above list, along with factors, might cause actual results to differ significantly from these forwardlooking statements. There's really no make certain that any one of the events anticipated by these forwardlooking statements will occur. If many of the events occur, there's really no guarantee what effect they will need on company operations or financial condition. The organization cannot update these forwardlooking statements following your date with this pr. Nothing on our web site is included or incorporated by reference herein., 2539242058Financial Media Dan Katcher / Sharon Stern, 2123554449Regional Media.