VF buying Timberland for more than $2.2 billion
Clothing and footwear maker VF Corp., whose brands include Wrangler, Nautica and The North Face, said Monday that it will buy boot and clothing maker Timberland Co. for more than $2.2 billion as it seeks to expand its outdoor offerings.
Weyerhaeuser Co., the second-largest owner of US timberland, has declared a record $5.6 billion special dividend to lock in the company's conversion this year to a real estate investment trust.