Rayonier Inc. and PotlatchDeltic Corp. have entered into a definitive agreement to merge in an all-stock “merger of equals,” creating a leading domestic land resources owner and a top-tier lumber manufacturer. The combined company is set to become the second-largest publicly traded timber and wood products firm in North America. Based on the closing stock prices of both companies on October 10, 2025—the last business day prior to the agreement—the merged entity would have a pro forma equity market capitalization of $7.1 billion and a total enterprise value of $8.2 billion, including ...
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