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Companies in the timber industry / Daily News / Global Trends / Forestry / Global / North America
June 1, 2022

Potlatchdeltic to buy rival CatchMark for more than US$600 million

Potlatchdeltic to buy rival CatchMark for more than US$600 million
Potlatchdeltic Corp., a real-estate investment trust focused on owning timberland, has agreed to buy rival CatchMark Timber Trust Inc. in an all-stock deal that values CatchMark at more than $600 million.    The combined company is expected to have a market valuation of more than $4 billion. It will own about 2.2 million acres of timberlands, including 626,000 acres in Idaho and over 1.5 million acres in the U.S. South.      PotlatchDeltic shareholders will own about 86% of the combined company, the two REITs said. CatchMark ...

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