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$PCL has formed a JV known as Twin Creeks Timber with several institutional investors to own and sustainably manage a portfolio of U.S. timberlands. The initial portfolio is valued at about $560MM and consists of 260K acres. $PCL is selling about $420MM of timberlands to the JV, and contributing another $140MM for its 25% equity stake in the JV.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.