Weyerhaeuser announced plans to voluntarily withdraw its common stock, par value USD 1.25 per share, from listing on the Chicago Stock Exchange.
According to the announcement, Weyerhaeuser’s common stock will continue to be listed on the New York Stock Exchange.
In 1Q2017 Weyerhaeuser reported 20.4% increase of net sales and 35.1% increase of Adjusted EBITDA.
Earlier Weyerhaeuser announced an agreement to sell its timberlands and manufacturing business in Uruguay.
The company is one of the world’s largest private owners of timberlands. It owns or controls more than 13 million acres of timberlands, primarily in the U.S., and manage additional timberlands under long-term licenses in Canada. The company manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products. In February 2016, Weyerhaeuser merged with Plum Creek Timber Company. In 2016, we generated $6.4 billion in net sales and employed approximately 10,400 people who serve customers worldwide.