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Knock on wood

4 November 2013 By Kevin Allison

Weyerhaeuser is offloading its homebuilding arm for $2.7 bln in the latest piece of a seven-year divestiture campaign. The carve-up has refocused the $18 bln U.S. timber company and left it valued at about 20 times earnings. To buy in now would be going out on a limb.

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