Weyerhaeuser gains from buy of Brookfield's Longview Timber - Reuters

Timber conglomerate Weyerhaeuser Co's first-quarter profit rose 27 percent as its acquisition of Longview Timber began paying off, Reuters reported. Weyerhaeuser bought Longview Timber Holdings from Brookfield Asset Management Inc last June for US$2.65 billion, including assumption of debt. Net profit rose to US$183 million in the quarter ended March 31.

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