Jun 19, 2013. /Lesprom Network/. Weyerhaeuser Company announced the pricing of the public offering of 29 million common shares at $27.75 per share. Weyerhaeuser raised approximately $805 million of gross proceeds from the offering. In addition, the underwriters of the offering have an option to purchase up to an additional 4,350,000 common shares, as the company said in a press release received by Lesprom Network.

The net proceeds will be used as partial consideration to finance the previously announced acquisition of all of the equity interest in Longview Timber LLC. The offering is expected to close on Monday, June 24th, 2013, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the joint book-running managers on the offering.

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.