Deal Snapshot
WEYERHAEUSER CLOSES USD 300M SALE OF MICHIGAN TIMBERLANDS
Friday 15 November 2019

US-based forest products company and timberlands owner Weyerhaeuser Company (NYSE: WY) has closed the sale of its Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for approximately USD 300m in cash, the company said.
The company expects to recognise a gain on the sale and anticipates no tax liability in conjunction with the transaction. The transaction, which was announced in September 2019, includes 555,000 acres of timberlands in northern Michigan.


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Details
Date Published: 15/11/2019
Target: Weyerhaeuser/Michigan,  timberlands
Country: USA
Deal Size: 300m (USD)
Sector: Agriculture/Forestry
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Weyerhaeuser Company
Buyer: Lyme Great Lakes Holding
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