Weyerhaeuser Buys Rival Timber Company In $8.44B Deal

November 8, 2015 9:24 PM

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Weyerhaeuser Buys Rival Timber Company In $8.44B Deal

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.

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