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Filed by: Domtar Corporation
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Weyerhaeuser Company Commission File No.: 333-140411 |
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(a)
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On
February 15, 2007, Weyerhaeuser Company’s Board of Directors approved
the sale of the company’s Canadian building materials distribution
business (the “Business”). The price negotiated is less than the company’s
carrying amount of the net assets of the Business and management
determined that a charge for impairment of the allocable portion
of
goodwill, working capital and equipment is required.
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(b)
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The
company estimates that it will record a pretax asset impairment
charge in
the first quarter of 2007 in the range of approximately $30 million
to $35 million.
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(c)
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The
company believes that the amount of the impairment charge will
not result
in future cash expenditures.
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