NEW YORK, June 30, 2014 /PRNewswire/ -- S&P Dow Jones Indices announces treatment of Weyerhaeuser Co. (NYSE:WY) Split-off in S&P 500:
- Weyerhaeuser Co. (WY.N) has entered into a definitive agreement pursuant to which Weyerhaeuser's homebuilding subsidiary will combine with a subsidiary of TRI Pointe Homes, Inc. (TPH.N) in a split-off exchange offer structured as a Reverse Morris Trust transaction. The exchange offer will expire at 12:00 midnight, NYC time, on June 30, 2014, unless the offer is extended or terminated. S&P DJI will not add the split-off company to any S&P 1500 index at the completion of the transaction.
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