Weyerhaeuser Sells Downstream Timberlands for $1B

TL;DR

Weyerhaeuser selling Downstream Timberlands to CD&R for $1B, closing Q2 2024. Focus on core biz.

AI Summary

Weyerhaeuser Co. announced on February 29, 2024, that it has entered into a definitive agreement to sell its Downstream Timberlands business to an affiliate of CD&R for approximately $1.0 billion. This strategic divestiture is expected to close in the second quarter of 2024 and will allow Weyerhaeuser to focus on its core timberlands and manufacturing businesses.

Why It Matters

This sale represents a significant strategic shift for Weyerhaeuser, allowing them to streamline operations and focus on core assets, potentially impacting future growth and profitability in their remaining segments.

Risk Assessment

Risk Level: medium — The sale involves a substantial asset divestiture and a significant cash transaction, introducing integration and strategic execution risks.

Key Numbers

• $1.0B — Sale Price (Value of the Downstream Timberlands business being sold.)
• Q2 2024 — Expected Closing (Anticipated timeframe for the completion of the sale.)

Key Players & Entities

• Weyerhaeuser Co. (company) — Seller
• CD&R (company) — Buyer
• $1.0 billion (dollar_amount) — Sale price
• February 29, 2024 (date) — Announcement date
• second quarter of 2024 (date) — Expected closing period

FAQ

From the Filing

0000950170-24-023274.txt : 20240301 0000950170-24-023274.hdr.sgml : 20240301 20240229173315 ACCESSION NUMBER: 0000950170-24-023274 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 81 CONFORMED PERIOD OF REPORT: 20240229 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 24705371 BUSINESS ADDRESS: STREET 1: 220 OCCIDENTAL AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 206-539-3000 MAIL ADDRESS: STREET 1: 220 OCCIDENTAL AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98104 8-K 1 wy-20240229.htm 8-K 8-K false 0000106535 0000106535 2024-02-29 2024-02-29 Table of Contents     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 29, 2024   WEYERHAEUSER CO MPANY (Exact name of registrant as specified in charter)     Washington 1-4825 91-0470860       (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification Number)   220 Occidental Avenue South Seattle , Washington 98104-7800 (Address of principal executive offices) (zip code) Registrant’s telephone number, including area code: ( 206 ) 539-3000   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1.25 per share   WY   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934:   ☐ Emerging growth company     ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   Table of Contents   TABLE OF CON TENTS   Item 7.01. Regulation FD Disclosure Item 9.01. Financial Statements and Exhibits   Signatures EXHIBIT 99.1 Investor presentation EXHIBIT 104 Cover page interactive data file (embedded within the inline XBRL document)       Table of Contents   Section 7 – Regulation FD Item 7.01. Regulati on FD Disclosure   On February 29, 2024, Weyerhaeuser Company is posting presentation materials to the Investors section of its website that it expects to use in discussions with the investment community. A copy of the presentation materials is furnished as Exhibit 99.1 to this report. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed t