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RYN — Rayonier News Story

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Brief: Rayonier And Potlatchdeltic To Combine In An All-Stock Merger Of Equals To Create A Leading Land Resources REIT

Oct 14 (Reuters) - Potlatchdeltic Corp PCH.O:

RAYONIER AND POTLATCHDELTIC TO COMBINE IN AN ALL-STOCK MERGER OF EQUALS TO CREATE A LEADING LAND RESOURCES REIT

RAYONIER INC - COMBINED COMPANY EXPECTED TO HAVE $7.1 BILLION MARKET CAP

RAYONIER INC - POTLATCHDELTIC SHAREHOLDERS TO RECEIVE 1.7339 RAYONIER SHARES PER SHARE

RAYONIER INC - WAYNE WASECHEK TO SERVE AS CFO OF COMBINED COMPANY

RAYONIER INC - DECLARES ONE-TIME SPECIAL DIVIDEND OF $1.40 PER SHARE

RAYONIER INC - COMBINED COMPANY TO OPERATE UNDER NEW NAME

RAYONIER: COMBINED COMPANY IS EXPECTED TO HAVE A PRO FORMA EQUITY MARKET CAPITALIZATION OF $7.1 BILLION AND A TOTAL ENTERPRISE VALUE OF $8.2 BILLION

RAYONIER- RAYONIER SHAREHOLDERS TO OWN ABOUT 54% AND POTLATCHDELTIC SHAREHOLDERS TO OWN ABOUT 46% OF COMBINED COMPANY

Source text: ID:nBwc3SxD2a

Further company coverage: PCH.O

 ((Reuters.Briefs@thomsonreuters.com;))

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