Tue, February 3, 2009
Mon, February 2, 2009
Fri, January 30, 2009
Thu, January 29, 2009
Wed, January 28, 2009
Tue, January 27, 2009
Mon, January 26, 2009
Fri, January 23, 2009
Thu, January 22, 2009
Wed, January 21, 2009
Tue, January 20, 2009
Mon, January 19, 2009
Fri, January 16, 2009
Thu, January 15, 2009
Wed, January 14, 2009
Tue, January 13, 2009
Mon, January 12, 2009
Fri, January 9, 2009
Thu, January 8, 2009
Wed, January 7, 2009
Tue, January 6, 2009
Mon, January 5, 2009
Fri, January 2, 2009
Wed, December 31, 2008
Tue, December 30, 2008
Mon, December 29, 2008
Wed, December 24, 2008
Tue, December 23, 2008
Mon, December 22, 2008
Fri, December 19, 2008
Thu, December 18, 2008
Wed, December 17, 2008
Tue, December 16, 2008
Mon, December 15, 2008
Fri, December 12, 2008
Thu, December 11, 2008
Wed, December 10, 2008
Tue, December 9, 2008
Mon, December 8, 2008
Fri, December 5, 2008
Thu, December 4, 2008
Tue, December 2, 2008
Mon, December 1, 2008
Fri, November 28, 2008
Wed, November 26, 2008
Tue, November 25, 2008
Mon, November 24, 2008
Thu, November 20, 2008
Tue, November 18, 2008
Mon, November 17, 2008

Weyerhaeuser Announces Expiration of Dutch Auction Tender Offer


//stocks-investing.news-articles.net/content/200 .. es-expiration-of-dutch-auction-tender-offer.html
Published in Stocks and Investing on Monday, December 22nd 2008 at 22:21 GMT, Last Modified on 2008-12-22 22:22:52 by Market Wire   Print publication without navigation


FEDERAL WAY, Wash.--([ BUSINESS WIRE ])--Weyerhaeuser Company (NYSE:WY) announced today the final results of its dutch auction tender offer (the "Dutch Auction Tender Offer"). The terms and conditions of the Dutch Auction Tender Offer are set forth in an Offer to Purchase dated Nov. 24, 2008 and accompanying Letter of Transmittal.

In the Dutch Auction Tender Offer, Weyerhaeuser offered to purchase up to $250 million principal amount of its outstanding 6.75 percent Notes due March 15, 2012 (the "Securities"). The Dutch Auction Tender Offer expired at midnight, New York City time, on Dec. 22, 2008. On Dec. 22, 2008, $363,941,000 principal amount (of a total outstanding principal amount of $1,683,122,000) of Securities had been validly tendered in connection with the Dutch Auction Tender Offer.

Weyerhaeuser has accepted $250,000,000 principal amount of the Securities. Because the aggregate amount of Securities tendered exceeds $250,000,000, the Securities will be prorated as provided in the Offer to Purchase with a proration factor of 0.51066 for all holders that tendered at the clearing price.

Holders of Securities subject to the Dutch Auction Tender Offer who validly tendered and did not validly withdraw their Securities at or before 5 p.m., New York City time, on Dec. 8, 2008, will receive $875.00 per $1,000 principal amount of the Securities, which includes the Early Tender Premium of $20 per $1,000 principal amount of Securities. Holders who validly tendered their Securities after Dec. 8, 2008 and at or before midnight, New York City time, on Dec. 22, 2008 will receive $855.00 per $1,000 principal amount of the Securities, which does not include the Early Tender Premium of $20 per $1,000 principal amount of Securities.

In addition to any consideration received, Holders who tendered securities will be paid any accrued and unpaid interest calculated up to but not including the settlement date. The settlement date for the Dutch Auction Tender Offer is expected to be Dec. 23, 2008.

Banc of America Securities LLC and Citi were the lead dealer managers for the Dutch Auction Tender Offer. J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. were the co-dealer managers for the Dutch Auction Tender Offer. Global Bondholder Services Corporation was the Depositary and Information Agent. This news release is neither an offer to purchase nor a solicitation of an offer to sell the securities. The Dutch Auction Tender Offer was made only by the Offer to Purchase, and the information in this news release is qualified by reference to the Offer to Purchase. Persons with questions regarding the Dutch Auction Tender Offer should contact Banc of America Securities LLC toll free at (888) 292-0070 or collect at (704) 388-4603, Attn. Debt Advisory Services or Citi toll free at (800) 558-3745 or collect at (212) 723-6106, Attn. Liability Management Group. Requests for documents should be directed to Global Bondholder Services Corporation toll free at (866) 804-2200 or collect at (212) 430-3774.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at [ http://www.weyerhaeuser.com ].


Publication Contributing Sources

Similar Stocks and Investing Publications