PotlatchDeltic and Rayonier in All-Stock Merger. What It Means for the Timberland Owners.
1. PotlatchDeltic and Rayonier are merging in an all-stock deal. 2. PotlatchDeltic shareholders receive 1.7339 Rayonier shares, reflecting an 8.25% premium. 3. The merger creates a forestry entity worth $8.2 billion. 4. The combined company will manage over 4 million acres of timberland. 5. Shares of PotlatchDeltic rose by 3.4% in premarket trading.