Weyerhaeuser shareholders approve pending merger with Plum Creek17 February 2016
One of the biggest timber company mergers in North America has taken a step nearer following Weyerhaeuser shareholders’ approval of a deal to merge with Plum Creek.
At a special meeting on February 12, shareholders voted to approve the issue of Weyerhaeuser common shares in connection with the merger.
The results indicate that more than 98% of the shares voting at the Weyerhaeuser special meeting voted in favour of the proposal.
Weyerhaeuser and Plum Creek announced in November they had entered into a US$23bn merger agreement to create the “world’s premier timber, land and forest products company” with more than 13 million acres of the most productive and diverse timberland in the US.