*NEWS*WEYERHAEUSER TO COMBINE PAPER BUSS’

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*NEWS*WEYERHAEUSER TO COMBINE PAPER BUSS’

 user 2006-08-31 at 11:06:00 am Views: 64
  • #16359

    Weyerhaeuser to combine fine paper business
     August
    2006 — Federal Way (WA): Weyerhaeuser has reached an agreement to
    combine its fine paper business and related assets with Domtar.”This
    transaction will create the North American market leader in fine paper
    and we anticipate that the combination will generate approximately $200
    million in annual synergies within the next two years,” said Steven
    Rogel, Weyerhaeuser’s chairman, president and CEO.The transaction gives
    Weyerhaeuser shareholders 55 percent ownership in the new company and
    includes a $1.35 billion cash payment to Weyerhaeuser.