Weyerhaeuser To Purchase Timberlands In Washington And Oregon
Weyerhaeuser Co. has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management for US$2.65 billion, which includes the assumption of debt. The company is acquiring approximately 645,000 acres of high-quality timberlands in Washington and Oregon that are highly complementary and contiguous with the company's existing acreage. Brookfield's private equity group acquired the timberland assets via its 2007 acquisition of Longview Fibre Co.
17 June 2013•6 mins read
