$3B Tri Pointe-Weyerhaeuser Merger Gets FTC's Initial OK

Law360, New York (January 15, 2014, 4:52 PM EST) -- The Federal Trade Commission on Tuesday granted early approval to a proposed $2.7 billion merger between Tri Pointe Homes Inc. and Weyerhaeuser Co.'s homebuilding unit, waiving part of a Hart-Scott-Rodino Act waiting period before consummation.

The so-called Reverse Morris Trust deal, announced in November, will give Weyerhaeuser shareholders 130 million shares, or about 80.5 percent of the combined company, valued at $2 billion as of Nov. 1 with Tri Pointe also making a $700 million cash payment to Weyerhaeuser.

Federal Way, Wash.-based Weyerhaeuser has said the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.