Plum Creek Timber Company Inc. (NYSE: PCL) today announced it has completed the acquisition of approximately 501,000 acres of industrial timberlands, associated mineral and wind assets, and interests in approximately 109,000 acres of high-value rural and development quality lands from MeadWestvaco Corporation. Through this cash-accretive [...]
Plum Creek Timber Company Inc. (NYSE:PCL) today announced that Rick Holley, chief executive officer, will present at the Bank of America Merrill Lynch 2013 US Basic Materials Conference in Boston on December 10, 2013, at approximately 8:45 a.m. Eastern time. A live audio webcast of the presentation will be accessible from Plum Creeks Internet [...]
Plum Creek Timber Company Inc. (NYSE:PCL) today announced that Sara Grootwassink Lewis has joined the companys board of directors. Lewis is founder and chief executive officer of Lewis Corporate Advisors, a capital markets and board advisory firm. Prior to that, she served as Executive Vice President and Chief Financial Officer of Washington [...]
Plum Creek Timber Company Inc. (NYSE:PCL) today announced a quarterly cash dividend of $0.44 per share. The dividend is payable on November 27, 2013 to shareholders of record as of November 15, 2013. Plum Creeks dividend is expected to be characterized as long-term capital gain income primarily because the income generated by the sale of Plum [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced its underwritten public offering of 12,100,000 shares of its common stock, par value $0.01 per share, was priced at $45.00 per share. The offering is expected to close on November 4, 2013, subject to customary closing conditions. In addition, Plum Creek has granted the underwriters a 30-day [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced that it intends to offer 14,100,000 shares of its common stock, par value $0.01 per share, in an underwritten public offering, subject to market and other conditions. In addition, Plum Creek intends to grant the underwriters a 30-day option to purchase up to 2,115,000 additional shares of [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced it has signed a $1.1 billion purchase and sale agreement to acquire approximately 501,000 acres of industrial timberlands, associated wind and mineral assets, and an interest in approximately 109,000 acres of high-value rural and development-quality lands from MeadWestvaco Corporation [...]
Plum Creek Timber Company Inc. (NYSE: PCL) today announced third quarter earnings of $72 million, or $0.44 per diluted share, on revenues of $366 million. Third quarter earnings include a $4 million, or $0.02 per diluted share, non-cash expense related to fire losses experienced in Montana and Oregon during the quarter. Earnings for the third [...]
Plum Creek Timber Company Inc. (NYSE: PCL) will release its third quarter 2013 earnings on Monday, Oct. 28, 2013, 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 [...]
Plum Creek Timber Company Inc., (NYSE: PCL) today announced it has entered into an agreement to acquire an interest in approximately 255 million tons of production at four quarries from Vulcan Materials Company (NYSE: VMC) for $154 million. The quarries are located in the metro Atlanta, Ga., market and will continue to be operated by Vulcan [...]
Plum Creek Timber Company Inc. (NYSE: PCL) will webcast its investor and analyst meeting to be held in New York on Tuesday, October 1, 2013, at 8:00 a.m. ET. A live audio webcast of the presentation (with slides) will be accessible from Plum Creeks Internet site at www.plumcreek.com by clicking on the Investors section and following the [...]
Plum Creek Timber Company Inc., (NYSE: PCL) today announced it has entered into a 10-year fiber supply and services agreement with The Enova Group, an independent bioenergy firm headquartered in Atlanta, Ga. Plum Creek will deliver up to 3 million tons annually of sustainably-managed wood fiber to three pellet manufacturing locations that will be [...]