Weyerhaeuser Company (NYSE:WY) made several announcements on Sunday around M&A and leadership changes. Weyerhaeuser announced: 1) it had signed a definitive stock purchase agreement to acquire Longview Timber from Brookfield Capital Partners for $2.65bn. Weyerhaeuser Company (NYSE:WY) is looking to finance the transaction with debt and equity); 2) it is exploring strategic alternatives with respect to WRECO which could include keeping, selling, merging or spinning-off the business; 3) Mr. Doyle Simons has been appointed as CEO elect, effective immediately to succeed Mr. Fulton as President & CEO on August 1, 2013.
Weyerhaeuser Company (NYSE:WY) Conference Call
The company will host a conference call at 8:30am ET on Monday. Some keys for the stock to evaluate on its upcoming conference call — (a) the amount of EBITDA WY expects to acquire with the timberlands; (b) the amount of equity capital it expects to raise to finance the purchase; and (c) potential borrowing costs.