TRI 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.
Weyerhaeuser raises quarterly dividend by 6.9% to 31c per share Weyerhaeuser announced that its board declared a dividend on the company's common shares of 31c per share, reflecting a 6.9% increase from the prior quarterly dividend of 29c per share. The dividend is payable in cash on September 25, to holders of record of such common shares at the close of business on September 11.