Weyerhaeuser (WY) is set to have more than 870,000 acres of timberlands in North and South Carolina and approximately 1,190,000 in Mississippi.
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Weyerhaeuser Company (NYSE: WY) today announced it has entered into two distinct agreements with Forest Investment Associates to divest approximately 69,600 acres in Upstate South Carolina for $170 million, and to purchase approximately 60,700 acres of high-quality timberlands in Coastal North Carolina, South Carolina and Mississippi for $163 million.