Washington-state headquartered Weyerhaeuser Company has applied to the Quebec securities regulator to cease being a reporting issuer in Quebec.
The company ceased being a reporting issuer in every other jurisdiction in Canada last June after all of its shares of Canadian subsidiary Weyerhaeuser Company Limited, which traded on the TSX, were acquired by an affiliated company in April 2008.
If its application is approved, Weyerhaeuser will no longer be a reporting issuer in Canada. It will still provide disclosure reports as required under U.S. securities laws via the U.S. Securities and Exchange Commission's EDGAR database.
It will continue to deliver to its Canadian shareholders all disclosure it is required to deliver to U.S. resident shareholders.
Weyerhaeuser employs 577 people in B.C. and manages 954,000 hectares in the province. It began operating in B.C. in 1965.