SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
February 13, 1996
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(Date of earliest event reported)
WEYERHAEUSER COMPANY
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(Exact name of registrant as specified in charter)
Washington 1-4825 91-0470860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
Tacoma, Washington 98477
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(206) 924-2345
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Item 5. Other Events
On February 13, 1996, Weyerhaeuser Company issued the following press release
announcing that an agreement in principal to sell its operations and timberland
in Klamath Falls, Oregon had been terminated:
An agreement in principle in which Weyerhaeuser
Company would sell all its Klamath Falls, Ore.,
holdings to Roseburg Forest Products Co., has been
terminated, a Weyerhaeuser Company official said
today.
The proposed sale included over 600,000 acres of
predominantly pine forestlands, nursery and seed
orchard facilities and three manufacturing plants.
"We regret that we were not able to reach final
agreement with Roseburg on certain aspects of the
transaction," said William R. Corbin, executive
vice president of Timberlands for Weyerhaeuser.
"Though we could not work out an agreement with
this particular buyer, we still are interested in
selling the Klamath Falls holdings if a suitable
buyer can be found. Our intention is to focus our
Northwest forest management and manufacturing
activities away from the inland pine region and
to the Douglas-fir areas of Oregon and Washington."
The Klamath Falls operations employ 680 people.
Weyerhaeuser announced in November 1995 that it
intended to sell its Klamath Falls holdings to
Roseburg for $303 million plus the value of its
working capital.
Corbin said that Weyerhaeuser is having discussions
with a number of parties interested in its Klamath
Falls holdings.
Weyerhaeuser Company is one of the largest recyclers
of office wastepaper, newspaper and corrugated boxes
in North America. The company is also the world's
largest private owner of merchantable softwood timber
and producer of softwood lumber and market pulp. Its
principal segments are timberlands and wood products;
pulp, paper and packaging; and real estate and
financial services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
WEYERHAEUSER COMPANY
By /s/ Sandy D. McDade
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Its: Secretary
Dated: February 14, 1996
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