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Stock impact report

Rayonier and PotlatchDeltic Announce Closing of Merger of Equals

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Company Research Source: Business Wire
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier (NYSE: RYN) today announced the closing of its merger with PotlatchDeltic Corporation. The combined company owns over four million acres of geographically diverse timberland in the United States, and operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program.Mark McHugh, President and Chief Executive Officer of Rayonier, said, “We are excited to close this strategic merger of equals, and we are confident that combining these two exceptional land resources companies will generate meaningful value creation for our shareholders and other stakeholders.”Leadership, Board Composition, and NameThe senior leadership team of the combined company comprises roughly equal representation of top talent from both Rayonier and PotlatchDeltic. The new senior leadership team consists of Mark D. McHugh (President and Chief Executive Officer), Wayne Wasechek (EVP and Chief Fina Show less Read more
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