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Weyerhaeuser sells homebuilding unit to TRI Pointe

Nov 04, 2013 - The Deal Pipeline

Weyerhaeuser Co. said Monday it has a deal in place to combine its homebuilding unit with TRI Pointe Homes Inc. in a $2.7 billion deal that would leave Weyerhaeuser shareholders in control of the combined entity.

Post-deal, the new TRI Pointe would be a top 10 homebuilder with more than 27,000 lots in constrained markets, including southern California, Puget Sound, Arizona, Nevada and Washington, D.C. The company, which is backed by Barry Sternlicht's Starwood Capital Group LLC, operates u...