SEATTLE, June 28, 2017 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) announced today that it plans to voluntarily withdraw its common stock, par value $1.25 per share, from listing on the Chicago Stock Exchange. Weyerhaeuser's common stock will continue to be listed on the New York Stock Exchange.
The decision to voluntarily withdraw from listing on the Chicago Stock Exchange was made to eliminate the costs and duplicative administrative requirements associated with dual listings. The withdrawal is expected to be effective on or approximately July 20, 2017. The Chicago Stock Exchange will continue trading Weyerhaeuser's common stock on an unlisted trading privilege basis.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control more than 13 million acres of timberlands, primarily in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products. Our company is a real estate investment trust. In February 2016, we merged with Plum Creek Timber Company, Inc. In 2016, we generated $6.4 billion in net sales and employed approximately 10,400 people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.
For more information contact:
Media – Anthony Chavez, 206-539-4406
Analysts – Krista Kochivar, 206-539-3907
SOURCE Weyerhaeuser Company