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Timber giants clear
proposals for merger
The shareholders of PotlatchDeltic and Florida-based timberland real estate investment trust Rayonier have approved all proposals necessary to complete the companies' previously-announced $8.2 billion merger, paving the way for the creation of the second-largest publicly-traded timber company in North America.
The all-stock deal was announced in October. The merger is expected to be completed after the market closed Thursday, according to a news release.
Upon completion of the merger, Rayonier shareholders are expected to own approximately 54% of the combined company and former PotlatchDeltic stockholders are expected to own the remaining 46%, according to a news release.
The merger means the new company will have a timber portfolio of about 4.2 million acres in 11 states, around three-fourths of which is in the South. The company's new corporate headquarters will be in Atlanta and will initially retain the name Rayonier.
PotlatchDeltic has about 925,000 acres of timberland in the Natural State made up of southern yellow pine, a mix of oak species...
Source: https://www.arkansasonline.com/news/2026/jan/30/potlatchdeltic-rayonier-shareholders-approve-82/
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