Plum Creek Stockholders Approve Merger with Weyerhaeuser
12 Février 2016 - 10:30PM
Business Wire
Plum Creek Timber Company, Inc. (NYSE:PCL) today announced that
stockholders overwhelmingly approved the proposed merger of Plum
Creek and Weyerhaeuser (NYSE:WY) at a special shareholder meeting
held earlier today. At the time the merger becomes effective, Plum
Creek common stockholders will receive 1.60 Weyerhaeuser common
shares for each share of Plum Creek common stock.
At the special meeting, 122,615,534 shares were voted “FOR” the
proposal to adopt the merger agreement with Weyerhaeuser,
representing approximately 70% of the total shares outstanding as
of the record date and approximately 99% of the shares voted on the
matter. The company will file with the SEC a report on Form 8-K
disclosing the final tabulation of the votes.
Plum Creek and Weyerhaeuser have coordinated the quarterly
dividend plan in accordance with the merger agreement so that no
holder of either company will receive two dividends or fail to
receive one dividend in the first quarter of 2016. The merger is
expected to become effective so Plum Creek stockholders will become
Weyerhaeuser shareholders of record in time to receive the upcoming
Weyerhaeuser cash dividend. This dividend is payable on March 18,
2016, to shareholders of record of Weyerhaeuser common shares at
the close of business on March 8, 2016.
Plum Creek is among the largest and most geographically diverse
private landowners in the nation with more than 6 million acres of
timberlands in 19 states. We also operate wood products mills in
the Northwest. We manage our working forests using sustainable
practices to benefit Plum Creek’s many stakeholders. Our employees
work together to create shareholder value, serve as stewards of the
environment, make wood products for everyday use, and build strong
communities. Please visit www.plumcreek.com for the latest
information about Plum Creek.
Forward-Looking Statements
This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Some of these forward-looking statements can be identified
by the use of forward-looking words such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “estimates,” “projects,” “strategy,” or “anticipates,” or
the negative of those words or other comparable terminology.
The accuracy of such statements is subject to a number of risks,
uncertainties and assumptions including, but are not limited to,
the following factors: (1) the risk that the conditions to the
closing of the transaction are not satisfied; (2) litigation
relating to the transaction; (3) uncertainties as to the timing of
the consummation of the transaction and the ability of each party
to consummate the transaction; (4) risks that the proposed
transaction disrupts the current plans and operations of
Weyerhaeuser or Plum Creek; (5) the ability of Weyerhaeuser and
Plum Creek to retain and hire key personnel; (6) competitive
responses to the proposed transaction; (7) unexpected costs,
charges or expenses resulting from the transaction; (8) potential
adverse reactions or changes to business relationships resulting
from the announcement or completion of the transaction; (9) the
combined companies’ ability to achieve the growth prospects and
synergies expected from the transaction, as well as delays,
challenges and expenses associated with integrating the combined
companies’ existing businesses; and (10) legislative, regulatory
and economic developments. These risks, as well as other risks
associated with the proposed transaction, are more fully discussed
in the joint proxy statement/prospectus that is included in the
Registration Statement on Form S-4 that has been filed with the SEC
in connection with the proposed transaction.
In addition, actual results are subject to other risks and
uncertainties that relate more broadly to Plum Creek’s overall
business, including those more fully described in Plum Creek’s
filings with the Securities and Exchange Commission (“SEC”) including its annual report on Form 10-K for
the fiscal year ended December 31, 2014, and its quarterly reports
filed on Form 10-Q for the fiscal year ended December 31, 2015, and
Weyerhaeuser’s overall business and financial condition, including
those more fully described in Weyerhaeuser’s filings with the SEC
including its annual report on Form 10-K for the fiscal year ended
December 31, 2014, and its quarterly reports filed on Form 10-Q for
its fiscal year ended December 31, 2015. Forward looking statements
are not guarantees of performance, and speak only as of the date
made, and neither Plum Creek nor its management undertakes any
obligation to update or revise any forward-looking statements.
Additional Information And Where To Find It
This document does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. Weyerhaeuser filed with
the SEC a Registration Statement on Form S-4 that includes a joint
proxy statement/prospectus of Plum Creek and Weyerhaeuser. Each of
Plum Creek and Weyerhaeuser have mailed the joint proxy
statement/prospectus to their respective shareholders. The
Registration Statement on Form S-4 was declared effective by the
SEC on December 28, 2015. Plum Creek and Weyerhaeuser also plan to
file other documents with the SEC regarding the proposed
transaction. This document is not a substitute for any prospectus,
proxy statement or any other document which Plum Creek or
Weyerhaeuser have filed or may file with the SEC in connection with
the proposed transaction. INVESTORS AND SECURITY HOLDERS OF PLUM
CREEK AND WEYERHAEUSER ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE
BEEN OR MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. You may
obtain copies of all documents filed with the SEC regarding this
transaction, free of charge, at the SEC’s website (www.sec.gov). In
addition, investors and security holders will be able to obtain
free copies of the joint proxy statement/prospectus and other
documents filed with the SEC by the parties on Plum Creek’s
Investor Relations website (www.plumcreek.com/investors) (for
documents filed with the SEC by Plum Creek) or on Weyerhaeuser’s
investor relations page on its corporate web site
(www.weyerhaeuser.com) (for documents filed with the SEC by
Weyerhaeuser).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160212005842/en/
Plum Creek Timber Company, Inc.Investors:John Hobbs,
1-800-858-5347orMedia:Kathy Budinick, 1-888-467-3751
Plum Creek (NYSE:PCL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Plum Creek (NYSE:PCL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024