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Article: Weyerhaeuser Wants To Ink Sale of Fine Paper Business.(Weyerhaeuser Co.)

Article from:
Mergers & Acquisitions Report
Article date:
May 8, 2006
Author:
Copyright

Timber processor Weyerhaeuser Co. is hoping buyers will come out of the woodwork for its fine paper business. As part of its first quarter earnings announcement on April 26, the $17 billion market cap company publicized it is seeking strategic alternatives for the fine paper business.

Shares of the Tacoma, Wash.-based company, which traded at $69.59 as of press time, were on a downward run as a result of predictions the company would miss first quarter earnings targets but received a brief $2 bump to $74.55 on the day of the announcement.

For 2005, Weyerhaeuser generated $22.6 billion in net sales, with $4.3 billion, or 19%, coming from the fine paper ...

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