FEDERAL WAY, WA—Weyerhaeuser Company has begun its exchange offer related to the split-off transaction of its homebuilding business, Weyerhaeuser Real Estate Company ("WRECO").
The exchange offer is in connection with the "Reverse Morris Trust" transaction, announced last November.
A wholly-owned subsidiary of TRI Pointe Homes, Inc. will merge with and into WRECO, with WRECO surviving the merger and becoming a wholly-owned subsidiary of TRI Pointe.
The exchange is expected to be tax-free to participating Weyerhaeuser shareholders for U.S. federal income tax purposes.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
