Weyerhaeuser Co. (NYSE: WY) said Thursday that its tender offer to buy up to $500 million outstanding notes due 2012 has expired, according to Associated Press.
The forest products company said approximately $364.2 million of the 6.75 percent notes were validly tendered and accepted for purchase.
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BofA Merrill Lynch (NYSE: BAC) and Citigroup Global Markets (NYSE: C) were the lead dealer managers for the tender offer. Deutsche Bank Securities (NYSE: DB), J.P. Morgan Securities (NYSE: JPM), Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) served as co-dealer managers, while Global Bondholder Services was the depositary and information agent.
Weyerhaeuser shares fell 40 cents to $41.47 in afternoon trading.
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