The transaction is subject to the satisfaction of usual and customary closing conditions and closure is imminent.
Specifically, Plum Creek has agreed to acquire: 501,000 acres of industrial timberlands in Alabama, Georgia, South Carolina, Virginia, and West Virginia for US$869m; an investment in joint ventures consisting of 109,000 acres of high-value rural lands and development-quality lands near Charleston SC, for US$152m; and subsurface rights, mineral rights and wind power assets associated with the timberlands for US$65m.
