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
September 15, 1999
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(Date of earliest event report)
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:
(253) 924-2345
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Item 5. Other Events
On September 15, 1999, Weyerhaeuser Company issued a press release stating
the following:
"FEDERAL WAY, Wash.-Weyerhaeuser Company, North America's third largest
forest products company, today said that it intends to account for the
acquisition of MacMillan Bloedel Limited using the purchase method of
accounting rather than pooling-of-interests.
The decision is a result of discussions with the staff of the Securities
and Exchange Commission on how to account for the acquisition.
Even with the change to purchase accounting, Weyerhaeuser expects the
transaction to have an immediate positive effect on earnings. The use of
purchase accounting increases Weyerhaeuser's flexibility in managing its
capital structure and using future cash flows following completion of the
acquisition.
Weyerhaeuser said this change is not expected to delay the closing of the
transaction.
Weyerhaeuser Company (NYSE: WY), one of the world's largest integrated
forest products companies, was incorporated in 1900. In 1998, sales were
$10.8 billion. It has offices or operations in 12 countries, with
customers worldwide. Weyerhaeuser is principally engaged in the growing
and harvesting of timber; the manufacture, distribution and sale of forest
products; and real estate construction, development and related activities.
MacMillan Bloedel (TSE: MB; NASDAQ: MMBL) is one of Canada's largest forest
products companies with integrated operations in Canada, the United States
and Mexico. The products of MacMillan Bloedel and its affiliate companies
are marketed throughout the world and include lumber, panelboard,
engineered lumber, containerboard and corrugated containers."
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/ K. J. Stancato
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Its: Vice President and Controller
Date: September 21, 1999
