Seeking Alpha

Tri Pointe nears $2.7B deal to combine with Weyerhaeuser unit

  • Tri Pointe Homes (TPH) is reportedly closing in on a $2.7B deal to merge with Weyerhaeuser's (WY) homebuilding division using a tax-efficient structure called a Reverse Morris Trust.
  • Weyerhaeuser will spin off the unit so that it can combine with Tri Pointe Homes, which will retain management control. Weyerhaeuser's shareholders are set to own 80.5% of the new entity and Tri Pointe's shareholders the rest.
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