November 18, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Plum Creek Timber Co. Inc. (NYSE:PCL), was announced concerning whether the takeover of Plum Creek Timber Co. Inc. by Weyerhaeuser Company is unfair to NYSE:PCL stockholders.

The investigation by a law firm concerns whether certain officers and directors of Plum Creek Timber Co. Inc. breached their fiduciary duties owed to NYSE:PCL investors in connection with the proposed acquisition.

On November 8, 2015, Weyerhaeuser Company (NYSE: WY) and Plum Creek Timber Co. Inc. (NYSE:PCL) announced that they have entered into a merger agreement. Under the terms of the agreement Plum Creek Timber Co. Inc. (NYSE:PCL) shareholders will receive 1.60 shares of Weyerhaeuser for each share of Plum Creek Timber Co. Inc. (NYSE:PCL held. Based on a closing price of $30.40 per NYSE:WY shares on November 6, 2015 shareholders of Plum Creek Timber Co. Inc. (NYSE:PCL) will receive approximately $48.64 per NYSE:PCL share they hold.

However, given that at least one analyst has set the high target price for NYSE:PCL shares at $50.00 per share and givent hat NYSE:PCL shares increased after the takeover announcement in the open market to as high as $49.98 per share on November 18, 2015, the investigation concerns whether the offer is unfair to NYSE:PCL stockholders. More specifically, the investigation concerns whether the Plum Creek Timber Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Plum Creek Timber Co. Inc. (NYSE:PCL) reported that its annual Total Revenue rose from $894 million in 2011 to over $1.47 billion in 2014 and that its Net Loss of $80 million in 2011 turned into Net Income of $214 million in 2014. Shares of Plum Creek Timber Co. Inc. (NYSE:PCL) reached as high as $54.04 per share in May 2013.