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Weyerhaeuser, Plum Creek seek to dominate U.S. timber industry with $8.4B deal

Nov 09, 2015 - The Deal Pipeline
Mergers and Acquisitions

Weyerhaeuser Co. (WY) has agreed to acquire Plum Creek Timber Co. (PCL) in an $8.4 billion deal that would create one of the largest private owners of timberland in the United States. Terms of the deal call for Federal Way, Wash.-based Weyerhaeuser to issue 1.6 shares of its stock for each share of Plum Creek, or about $48.64 per share based on Friday closing prices.

The companies said that the fixed exchange ratio provides an implied premium of 13.8% to Plum Creek's 30-trading-day vol...