Plum Creek Timber Company Inc. (NYSE:PCL) today announced that stockholders overwhelmingly approved the proposed merger of Plum Creek and Weyerhaeuser (NYSE:WY) at a special shareholder meeting held earlier today. At the time the merger becomes effective, Plum Creek common stockholders will receive 1.60 Weyerhaeuser common shares for each share of [...]
Plum Creek Timber Company Inc. (NYSE:PCL) today announced fourth quarter earnings of $34 million, or $0.19 per diluted share, on revenues of $323 million. Results include approximately $8 million, or $0.04 per diluted share, of transaction costs directly related to the pending merger with Weyerhaeuser Company (NYSE:WY). Earnings for the fourth [...]
Plum Creek Timber announced today that Institutional Shareholder Services a leading independent proxy advisory firm, has issued a report recommending that Plum Creek shareholders vote to approve the proposed merger with Weyerhaeuser Company at the company’s special meeting of shareholders to be held on Friday, February 12, 2016. “We are [...]
Plum Creek Timber Company Inc. (NYSE: PCL) will release its fourth quarter 2015 earnings on Wednesday, February 3, 2016, following the stock market close. The Company will not hold a conference call this quarter in light of the previously announced pending merger with Weyerhaeuser. Plum Creek is among the largest and most geographically diverse [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced the tax treatment for dividend distributions made in 2015 on its Common Stock. Plum Creek’s total 2015 dividend distribution of $1.76 per share is classified for income tax purposes as long-term capital gain. Shareholders are encouraged to consult with their tax advisors as to the [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced a quarterly cash dividend of $0.44 per share. The dividend is payable on November 30, 2015, to shareholders of record as of November 13, 2015. Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Plum Creek’s dividend distributions. Plum [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced third quarter earnings of $100 million, or $0.58 per diluted share, on revenues of $414 million. Earnings for the third quarter of 2014 were $61 million, or $0.34 per diluted share, on revenues of $375 million. The results for the third quarter of 2014 included a $3 million, or $0.02 per [...]
Plum Creek Timber Company Inc. (NYSE:PCL) will release its third quarter 2015 earnings on Monday, October 26, 2015, following the stock market close. The company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) the same day to discuss these results. Rick Holley, chief executive officer, will lead this call. A live webcast of the [...]
Plum Creek Timber Company Inc. (NYSE:PCL) today announced it has completed the sale of approximately 98,000 acres of timberlands in west-central Florida to Hancock Timber Resource Group for approximately $120 million. “We are pleased to conclude this transaction with Hancock Timber which will continue to operate these lands as working [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced a change in the company’s presentation time at the Raymond James North American Equities conference. Plum Creek senior vice president and chief financial officer David Lambert will now be presenting at approximately 9:45 a.m. British Summer Time on Tuesday, September 22, 2015, in [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced that David Lambert, senior vice president and chief financial officer, will speak at the Raymond James North American Equities Conference in London on September 22, 2015, at approximately 4:05 p.m. British Summer Time. A live audio webcast of the event will be accessible from Plum [...]
Plum Creek Timber Company Inc. (NYSE: PCL) announced today that it has formed a joint venture with several institutional investors to own and sustainably manage a portfolio of U.S. timberlands. Silver Creek Capital Management, a Seattle-based fund manager and fiduciary to investors (unrelated to Plum Creek), will act as the managing member and [...]
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