Weyerhaeuser announces pricing of public offering of common shares
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.
ByLesprom Network
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.
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