By Lisa Kerner
Charlotte, N.C., Feb. 16 - Weyerhaeuser Co. said a total of 284,067,852 shares of Domtar Corp. common stock will be exchanged under the previously announced agreement to combine Domtar Inc. with Weyerhaeuser's fine paper business to form Domtar Corp.
Under the terms of the exchange offer, Weyerhaeuser shareholders will receive approximately $1.11 worth of Domtar Corp. common stock, limited to 11.142 shares, for each $1 of Weyerhaeuser shares tendered in the exchange.
The offer began on Feb. 2 and will expire on March 2, according to a company news release.
Weyerhaeuser is a forest products company based in Federal Way, Wash.
Domtar, Inc. is a Montreal-based manufacturer of uncoated freesheet paper.
| Acquirer: | Weyerhaeuser Co.
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| Target: | Domtar Inc.
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| Payment per share: | $1.11 worth of Domtar Corp. stock for $1 of Weyerhaeuser stock
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| Announcement date: | Aug. 22, 2006
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| Tender offer closes: | March 2
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| Stock price for acquirer: | NYSE: WY; $82.39 on Feb. 15
|
| Stock price for target: | NYSE: DTC; $8.25 on Feb. 15
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