IRVINE, CA—With the closing of last week's separation and mergerbetween TRI Pointe Homes, Inc. andWeyerhauser, TRI Pointe is now one of the10 largest public homebuilders in the UnitedStates by equity market capitalization.
Late last week the two companies announced that the ReverseMorris Trust had closed. The transaction, one of the biggest inhomebuilding industry history, has resulted in the merger of TRIPointe with Weyerhaeuser's homebuilding subsidiary, WeyerhaeuserReal Estate Company (“WRECO”). The deal is valued at approximately$2.8 billion and positions TRI Pointe as one ofthe top 10 largest public homebuilders in the US, based on theclosing price of TRI Pointe common stock on July 3.
As a result of the merger with WRECO, TRI Pointe's landinventory has increased to approximately
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
