Timber REITs Weyerhaeuser, Plum Creek Agree to Merge

Timber REITs Weyerhaeuser (NYSE:  WY) and Plum Creek (NYSE: PCL) said Nov. 8 that they have agreed to merge, creating a combined company with a current market value of $ 23 billion.

The new company will retain the Weyerhaeuser name and ticker symbol.  It will be the largest private owner of timberland in the United States, the companies said, with assets of more than 13 million acres. The companies also said they expect to realize annual cost synergies of $ 100 million.


Single-Family REIT Starwood Waypoint to Merge with Colony American Homes

Single-family REIT Starwood Waypoint Residential Trust (NYSE: SWAY) and Colony American Homes, Inc. said Sept. 21 they have agreed to merge in a stock-for-stock transaction that will create a combined company with $ 7.7 billion in assets.

The new company will own and manage more than 30,000 homes and is expected to achieve estimated annualized cost synergies of $ 40 million to $ 50 million.