Nov. 4, 2013, 6:13 AM
Nov. 4, 2013, 2:06 AM
- 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.
Oct. 21, 2013, 4:38 PM
- Tri Pointe Homes (TPH) spiked before the close to a 6% gain on a Reuters report that the company is in advanced talks to buy Weyerhauser's (WY) homebuilding unit for ~$2.7B.
- WY, which said in June it was reviewing strategic options for the homebuilding and real estate development unit, is said to be trying to finalize a sale to TPH as soon as in the next two weeks.
- Taylor Morrison Home (TMHC) and Brookfield Residential Properties (BAM) are among the companies that also have been in talks with Weyerhaeuser about buying the division, according to the report.
Sep. 20, 2013, 5:34 PM
- Weyerhaeuser's (WY) homebuilding division is attracting interest from Brookfield Residential Properties (BRP), the land developer and home builder controlled by Brookfield Asset Management (BAM), WSJ reports.
- Weyerhaeuser Real Estate Co. executives reportedly have met with bidders to answer questions about its operations; while some bidders are interested in only a portion of the unit, BRP is said to be interested in buying the entire group.
- BAM's size - $180B in assets - might prove an advantage vs. other interested parties since WY wants to sell the homebuilding division in a reverse Morris trust, a tax-free method of spinning off a division to be merged with an acquirer.
Aug. 14, 2013, 3:26 AM
- Weyerhaeuser (WY) has reportedly received preliminary expressions of interest for its home-building unit from unnamed suitors. The timber conglomerate said in June that it was evaluating the options for the business, which is valued at over $3B.
- Most of the biggest house builders in the country are expected to look at buying the operations, attracted by the thousands of lots it owns that are ready or close to ready for construction, especially in California.
- "It's going to move the needle for most builders," says Florida-based consultant Michael Kahn.
Jun. 16, 2013, 3:47 PMIt's a busy Sunday for Weyerhaeuser (WY): i) Appoints Doyle Simons, former CEO and chairman of Temple-Inland, to replace retiring CEO Dan Fulton. (PR) ii) Acquires 645K acres of high-quality timberlands in Washington and Oregon from Brookfield Asset Management (BAM) for $2.65B, boosting its holdings in the area by 33%. (PR) iii) Says it will explore "strategic alternatives" for WRECO, its homebuilding and real estate development business, including a merger, sale, or spin-off. (PR) | Comment!
Jun. 7, 2011, 2:52 PMInternational Paper (IP +1.1%) and Temple-Inland (TIN +42.3%) are in focus after IP's $30.60/share bid was rejected despite being a 46% premium to Monday's closing price. Other packaging and paper stocks rally on calls from bullish analysts that the industry is heading for consolidation: PKG +6.9%, WY +6.2%, BZ +5.6%, KS +4.3%, RKT +3.1%. | Comment!
WY vs. ETF Alternatives
Weyerhaeuser Co is a real estate investment trust. It is a private owner of timberlands. The Company owns or controls nearly seven million acres of timberlandsin the U.S., and managesadditional timberlands under long-term licenses in Canada.
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