Monday, June 17, 2013

Timber Transaction

Weyerhauser is buying Longview Timber for $2.65 billion in the third largest timber transaction in US history.  Most of Longview Timber's land is in the Pacific Northwest, and two-thirds is covered with valuable Douglas Fir.  Bloomberg has the details.  The sale coincides with news that home builder confidence is at its highest level since March 2006.

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