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Time may be soon for real estate decline in key markets
– theglobeandmail.com
Teranet-National Bank composite house price index will show robust price growth for single-family homes in Canada’s key markets
Hardisty, town at Keystone’s start, takes stock of rejection
– theglobeandmail.com
With the XL segment, pipeline builder TransCanada Corp. was to have provided a more direct route for 830,000 barrels a day to get to the lucrative Gulf market
Weyerhaeuser buying Plum Creek for $8.44B deal, creating timber and paper giant
– canadianbusiness.com
Weyerhaeuser Co. is buying Plum Creek Timber Co. for $8.44 billion to form what is expected to be one of the world’s biggest timberland and forest products companies.
The company will keep the Weyerhaeuser name and have more than 13 million acres of timberland, the companies said Sunday. It will be worth $23 billion based on current share prices.
The recovery of the housing market in recent years has spurred construction of new homes. That has increased demand for lumber and wood products used in home interiors, which benefits companies like Weyerhaeuser and Plum Creek.
“The breadth and diversity of our combined land and timber assets uniquely position the new company to capitalize fully on the improving housing market,” said Plum Creek CEO Rick Holley in a statement.
Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each Plum Creek share. Weyerhaeuser shares closed at $30.40 Friday. Weyerhaeuser also said it will buy $2.5 billion of company shares after the deal closes…
The company will keep the Weyerhaeuser name and have more than 13 million acres of timberland, the companies said Sunday. It will be worth $23 billion based on current share prices.
The recovery of the housing market in recent years has spurred construction of new homes. That has increased demand for lumber and wood products used in home interiors, which benefits companies like Weyerhaeuser and Plum Creek.
“The breadth and diversity of our combined land and timber assets uniquely position the new company to capitalize fully on the improving housing market,” said Plum Creek CEO Rick Holley in a statement.
Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each Plum Creek share. Weyerhaeuser shares closed at $30.40 Friday. Weyerhaeuser also said it will buy $2.5 billion of company shares after the deal closes…
