WRECO Shares to Distribute Via Split-Off

IRVINE, CA—The board of directors of Weyerhaeuser Co. is intending to distribute via a split-off transaction all of the issued and outstanding shares of Weyerhaeuser Real Estate Co., an indirect wholly owned subsidiary of Weyerhaeuser. The split-off is in connection with the “Reverse Morris Trust” transaction in which a wholly owned subsidiary of TRI Pointe Homes Inc. will merge with and into WRECO, with WRECO surviving the merger and becoming a wholly owned subsidiary of TRI Pointe, as GlobeSt.com reported in November 2013.

Also, as GlobeSt.com reported earlier this week, TRI Pointe Homes said in a Q1 earnings report that the merger is on target to close early in the third quarter of the year. The acquisition will establish TRI Pointe as one of the 10 largest homebuilders in the US based on estimated combined equity market value.