New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:04 EDTTPH, WYTRI Pointe Homes closes $2.8B merger with Weyerhaeuser Real Estate
TRI Pointe Homes (TRH) announced that its Reverse Morris Trust transaction with Weyerhaeuser Company (WY) has closed. The transaction has resulted in the merger of TRI Pointe with Weyerhaeuser's homebuilding subsidiary, Weyerhaeuser Real Estate Company. The transaction is valued at approximately $2.8B. TRI Pointe's leadership remains focused on executing a disciplined homebuilding strategy. The merger with WRECO is expected to provide TRI Pointe with significantly enhanced scale, with more than 3,400 new home deliveries and $1.6B in revenue on a historical combined basis over the past twelve months ended March 31, 2014.
News For TPH;WY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 9, 2014
06:39 EDTWYNorbord, Ainsworth merger positive for Weyerhaeuser, says Citigroup
Citigroup views yesterday's merger announcement from Norbord and Ainsworth Lumber as positive for Weyerhaeuser (WY) and the oriented strand board market. Citi expects positive OSB earnings momentum for Weyerhaeuser as prices rebound in 2015-2016. Shares were up 58c yesterday to $36.11. Shares of Louisiana-Pacific (LPX), which attempted to acquire Ainsworth in 2013, rallied $1.33 to $16.83.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use