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TRI Pointe Group, Inc. Message Board

  • sleepy.ichabod sleepy.ichabod Jan 16, 2014 6:55 AM Flag

    $3B Tri Pointe-Weyerhaeuser Merger Gets FTC's Initial OK

    Law360, New York (January 15, 2014, 4:52 PM ET) -- The Federal Trade Commission on Tuesday granted early approval to a proposed $2.7 billion merger between Tri Pointe Homes Inc. and Weyerhaeuser Co.'s homebuilding unit, waiving part of a Hart-Scott-Rodino Act waiting period before consummation.

    The so-called Reverse Morris Trust deal, announced in November, will give Weyerhaeuser shareholders 130 million shares, or about 80.5 percent of the combined company, valued at $2 billion as of Nov. 1 with Tri Pointe also making a $700 million cash payment to Weyerhaeuser.

 
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