News for Weyerhaeuser
Feb 10 · 4:56:00 PM · Source: Company Press Release
Weyerhaeuserwas among 35 international companies recognized today by the investor-backed Forest Footprint Disclosure for leadership in managing their operations and supply chains to minimize the effects on forests worldwide.
The report also named Weyerhaeuser best performer in the Industrial and Auto sector. Weyerhaeuser was the only US-based company named a best performer.
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by Michael Oliveto
Feb 9 · 3:39:00 PM · Source: EUWID Pulp and Paper
Mitsubishi Corporation and Weyerhaeuser Company will be examining a variety of options regarding cooperation in the biomass industry. Both companies have specified this in the form of a strategic Memorandum of Understanding.
Weyerhaeuser sees existing and future opportunities on the international bio-energy market and has set its sights on becoming a leading bio-pellet manufacturer in cooperation with Mitsubishi.
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by Michael Oliveto
Dec 15 · 10:29:00 AM · Source: Company News
Weyerhaeuser Company Tuesday said it will convert to a real estate investment trust (REIT)structure, saying the conversion will position it to be more competitive in its timberlands business.
Analysts say the move to a REIT will cut Weyerhaeuser's tax burden and give its investors higher returns. The company would still trade on an exchange and would be required to pay out most income to shareholders.
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by Larry Etter
Dec 15 · 10:26:00 AM · Source: Company News
Weyerhaeuser Company Tuesday said its board of directors has approved amendments to the company's articles of incorporation to eliminate the company's classified board structure and remove existing super majority voting provisions. The board will ask shareholders to approve these amendments at Weyerhaeuser's annual shareholder meeting in April 2010. It will take a 66 2/3 percent favorable vote of the outstanding shares to approve the amendments. Shareholders will receive information on these proposals in the 2010 proxy statement to be mailed in February.
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by Larry Etter
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