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ForestTalk (Free subscription) | yesterday
Weyerhaeuser has announced the completion of the sale of the Carrot River Sawmill and the Hudson Bay Plywood Mill to C&C Wood Products of Quesnel, BC. An asset purchase agreement between the two companies had been signed in May. The Carrot River Sawmill and Hudson Bay Plywood Mill were closed by Weyerhaeuser in 2007. To facilitate the sale, the Pasquia-Porcupine Forest Management Agreement area...
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Business Wire (Free subscription) | 11/25/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Weyerhaeuser Company (NYSE:WY) today announced that as of Nov. 24, 2009 (the “Early Tender Date”), $318,372,000 principal amount of its outstanding 6.750% Notes due March 15, 2012 (the “Securities”) had been tendered in its previously announced cash tender offer (the “Offer”) and that it has amended the terms of the Offer in the...
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Business Wire (Free subscription) | 11/10/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Weyerhaeuser Company (NYSE:WY) today announced the commencement of a cash tender offer to purchase up to $500 million principal amount of its 6.750% Notes due March 15, 2012. Weyerhaeuser (the “Company”) is offering to purchase for cash (the “Offer”) up to $500 million principal amount (the “Tender Cap”) of its outstanding 6.750%...
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Business Wire (Free subscription) | 11/09/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Patty Bedient, executive vice president and chief financial officer, and Larry Burrows, president of the Weyerhaeuser Real Estate Company, will represent Weyerhaeuser Company (NYSE:WY) at the D.A. Davidson “Housing Recovery – What Will it Take?” Conference on Nov. 11 in San Francisco. Bedient and Burrows are scheduled to present at 2:15 p.m. Pacific....
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SeekingAlpha.com (Free subscription) | 11/02/2009
Zacks.com submits: On Friday, before market opened, Weyerhaeuser Company ( WY ) reported discouraging results for the third quarter 2009. The company reported net sales of $1,407 million compared to $2,107 million in the year ago quarter. Excluding one time items, Weyerhaeuser reported a net loss of $56 million, or 26 cents per share versus a net loss of $3 million, or 1 cent per share, in the third...
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Business Wire (Free subscription) | 10/30/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Weyerhaeuser Company (NYSE: WY) today reported break-even results for third quarter 2009 on net sales from continuing operations of $1.4 billion. This compares with net earnings of $280 million, or $1.33 per share, on net sales from continuing operations of $2.1 billion for the same period last year. SIGNIFICANT THIRD QUARTER 2009 AFTER-TAX ITEMS After-Tax Gain...
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Business Wire (Free subscription) | 10/30/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Weyerhaeuser Company (NYSE:WY) today announced that it intends to build a new cellulose fibers processing plant in Gdansk, Poland. City officials in Gdansk, the largest port city in Poland, announced that Weyerhaeuser had won a competitive tender process to purchase 100,000 square meters of land for this project. The land-sale agreement is expected to be completed...
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Business Wire (Free subscription) | 10/29/2009
CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Norfolk Southern Corp. (NYSE: NSC), Burlington Northern Santa Fe Corp. (NYSE: BNI), MeadWestvaco Corporation (NYSE: MWV), International...
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The Earth Times Online Newspaper (Free subscription) | 09/30/2009
FEDERAL WAY, Wash. - Weyerhaeuser Company (NYSE:WY) will release third quarter 2009 results on Oct. 30 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Oct. 30 to discuss third quarter results. To access the c
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Business Wire (Free subscription) | 09/30/2009
FEDERAL WAY, Wash.--(BUSINESS WIRE)--Weyerhaeuser Company (NYSE:WY) will release third quarter 2009 results on Oct. 30 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Oct. 30 to discuss third quarter results. To access the conference call from within North America, dial 1-877-941-8632 at least 15 minutes prior to the call. Those calling from...
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Business Wire (Free subscription) | 09/29/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB+' rating to Weyerhaeuser Company's (Weyerhaeuser) 7.375% senior unsecured notes ($500 million) due 2019. The Rating Outlook for all ratings is Negative. The rating is based on Weyerhaeuser's poor credit metrics and negative free cash flow stemming from the recessionary collapse of residential construction, which has worked its way back into...
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Business Wire (Free subscription) | 09/29/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB+' rating to Weyerhaeuser Company's (Weyerhaeuser) 7.375% senior unsecured notes ($500 million) due 2019. The Rating Outlook for all ratings is Negative. The rating is based on Weyerhaeuser's poor credit metrics and negative free cash flow stemming from the recessionary collapse of residential construction, which has worked its way back into...
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Business Wire (Free subscription) | 09/28/2009
NEW YORK--(BUSINESS WIRE)--Coventry, the leading life settlements provider in the United States, will be a major sponsor of Climate Change at a Crossroads, an evening benefitting The Tropics Foundation and focusing on global climate change and related issues. Other major sponsors of the September 29th event include Dewey and LeBoeuf and Weyerhaeuser Company. The event will be hosted by Dewey and LeBoeuf...
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Business Wire (Free subscription) | 09/03/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Weyerhaeuser Company's (Weyerhaeuser) long-term senior unsecured debt and Issuer Default Ratings (IDRs) to 'BB+' from 'BBB-' and withdrawn the commercial paper ratings and 'F3' short-term IDR of Weyerhaeuser and Weyerhaeuser Real Estate Company (WRECO) as both companies no longer have commercial paper programs. The Rating Outlook remains Negative....
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