| o9dykainyu | Datum: Ponedeljak, 27-Jan-2014, 9:20 AM | Poruka # 1 |
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| Announces Timberland Sale
Business EditorsPlum Creek Timber Company The Plum Creek Timber Company, Inc. is a Estate Investment Trust (REIT) which makes a speciality of committing to timber. Headquartered in Seattle, Plum Creek has strategically purchased lands which show a potential being spun off <a href=http://unipaints.com/Include/main.asp?q=102>http://unipaints.com/Include/main.asp?q=102</a> for certain estate development. , Inc. (NYSE NYSE
See: London stock exchange :PCL (Printer Command Language) The page description language for HP LaserJet printers. It may be a de facto standard found in many printers and typesetters. PCL Level 5, introduced with the LaserJet III in 1990, also supports Compugraphic's Intellifont scalable fonts. ) announced today it had signed a definitive agreement with Pope Resources, a Delaware limited partnership, to the sale of 44,500 acres of Plum Creek timberlands in southwest Washington.
The transaction, which is controlled by financing, is valued at approximately $54 million that is were expecting to close in the best quarter.
"This was a possibility to sell timberlands, whose age class profile met the needs of Pope Resources better than ours, through an excellent valuation," said Rick R. Holley, Plum Creek President and CEO (1) (Boss) The top individual answerable for a business. These president within the company, the CEO reports within the Chairman within the Board. . "It is usually a winwin for companies. <a href=http://vertexjo.com/include/main.php?q=109>http://vertexjo.com/include/main.php?q=109</a> You will make use of the proceeds to boost our balance sheet and allow flexibility to pursue all of our timberland acquisition strategy."
Holley added, "We are satisfied why these timberlands will be purchased by Pope Resources, another organization well known for its premium timberland management and stewardship ethic."
Plum Creek, a legitimate estate investment trust (REIT REIT
See: Property TrustSee <a href=http://vertexjo.com/include/main.php?q=121>ニューバランス m1500</a> investor trust (REIT). ), stands out as the fourth largest timberland owner in america, with timberlands inside Northwest, South and Northeast regions of the states, and nine wood product mills with the Northwest.
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