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Stock impact report

2 US lumber giants plan to merge and move new HQ to Atlanta [Yahoo! Finance]

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Bloomberg reports the $3.4B deal between Rayonier Inc. and PotlatchDeltic will create one of the largest publicly traded timber and wood products companies in North America. Word of the deal comes on the same day as new tariffs on imported lumber take effect. It's not clear yet how many jobs the deal might create in Atlanta or exactly where the corporate headquarters will be located. According to a press release from Rayonier Inc , Mark McHugh, President and Chief Executive Officer of Rayonier, said, “We are excited to announce this strategic merger of equals, combining two exceptional land resources companies to deliver enhanced value for our shareholders and other stakeholders. Rayonier and PotlatchDeltic share a commitment to sustainability and a legacy of excellence in delivering land resources to their highest and best use. We look forward to completing the transaction, and we are confident that the merger will generate meaningful value creation.” [DOWNLOAD: Free WSB-TV N Show less Read more
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