Weyerhaeuser delays REIT, disappointing investors
PORTLAND, OR , (RISI) - The face of Weyerhaeuser has been changing dramatically over the last couple of years. It has divested itself of a number of wood processing facilities, sold its interests in Australia, spun off its fine paper business and has a deal for its recycling and corrugated packaging units. Little wonder than speculation has focused on its objective. A good number of observers, and no small volume of investors have concluded that Weyerhaeuser will convert to a REIT in order to maximize savings from its timberlands.
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