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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.
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August 26, 2014
18:37 EDTWYWeyerhaeuser announces plans to move headquarters to Seattle
Weyerhaeuser announced it will move its headquarters from Federal Way, Wash., to 200 Occidental Avenue in Seattle, Wash. The move will occur in mid to late 2016 when construction of the new building is complete. "There are two main drivers for this decision, which we made after thorough analysis of various options for the location of our headquarters," said Doyle R. Simons, president and CEO. "First, our 430-acre campus in Federal Way is costly and too large for our needs. Second, moving our headquarters to Seattle will give us access to a larger talent pool to meet future recruiting needs, not just in this region, but from across the country." The company will divest the land and buildings it owns in Federal Way, Wash.

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