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The LBM Daily Newsletter: May 12, 2008.
THE DAILY BUZZ
 
CHH To Buy Weyerhaeuser Australia
 
Carter Holt Harvey (CHH) announced on Friday that it has begun a process to purchase the timber manufacturing operations and timber distribution business of the Weyerhaeuser Australia Group, which includes Pine Solutions Australia, Weyerhaeuser Australia and Green Triangle Forest Products.

“The Australian businesses will continue to focus on meeting customer needs during the sale process and will work with the potential buyer to ensure a smooth transition,” said Craig Neeser, Weyerhaeuser senior vice president, International Group. “It is also important to note that the employees and contractors working for the Weyerhaeuser Australia Group have made significant contributions to its success and will be an asset to any potential buyer.”

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THE DAILY MARKET REPORT
 
Futures and Options
 
ContractCloseChangeVolumeOpen Int
MAY08232.0+300337611
JLY08251.9+109069776
SEP08266.5+702222908
NOV08259.5+15036814
JAN09287+29012380
MAR092+40146
MAY09292.9+6302
 

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Widman's Market Report & Barometer
 
The Widman Price Forecasting Service includes the Widman Market Report & Barometer, each published twice per month. These publications provide reports and research for the North American Softwoods Market, including price forecasting, indicators and insights.
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