Weyerhaeuser Co. (WY) announced that it intends to offer 28.00 million of its common shares in a registered public offering.
The company intends to use the net proceeds of the offering, if completed, as partial consideration, to finance the previously announced acquisition of all of the equity interests in Longview Timber LLC.
The company noted that it intends to grant the underwriters of the offering the option to purchase up to an additional 4.20 million of its common shares.
In a separate press release, Weyerhaeuser announced that it plans to offer 10 million of its Mandatory Convertible Preference Shares, Series A in a registered public offering.
The offering price is expected to be $50.00per share. The company intends to grant the underwriters of the offering the option to purchase up to an additional 1.50 million of its Mandatory Convertible Preference Shares.
Unless converted earlier, each Mandatory Convertible Preference Shares will convert automatically into a variable number of shares of the Company's common stock on July 1, 2016. The conversion rate will be determined by the price of the Company's common shares on that date. The dividend rate and the conversion terms of the Mandatory Convertible Preference Shares will be determined by negotiations between the Company and the underwriters, Weyerhaeuser said.
The company stated that it intends to use the net proceeds of the offering, if completed, as partial consideration, to finance the previously announced acquisition of all of the equity interests in Longview Timber LLC.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.