Rayonier and PotlatchDeltic receive stockholder approval for merger

Rayonier (NYSE: RYN) and PotlatchDeltic (NASDAQ: PCH) announced that their stockholders approved all proposals necessary to complete their previously announced merger.

The merger is expected to close after market close on January 30, 2026, subject to satisfaction of customary closing conditions. Under the transaction terms, each PotlatchDeltic share will be converted into 1.8185 Rayonier shares plus $0.61 in cash.

Upon completion, Rayonier shareholders will own approximately 54% of the combined company, while former PotlatchDeltic stockholders will own the remaining 46%. The combined entity will initially retain the Rayonier name and trade on the New York Stock Exchange under ticker symbol RYN.

The company plans to announce a new name and ticker symbol in the first quarter of 2026. Final voting results will be detailed in separate Form 8-K filings with the Securities and Exchange Commission by both companies.

Rayonier operates as a timberland real estate investment trust with approximately 2.0 million acres of timberlands in the U.S. South and Pacific Northwest as of September 30, 2025. PotlatchDeltic owns approximately 2.1 million acres of timberlands across seven states and operates six sawmills, a plywood mill, and real estate development businesses through its taxable REIT subsidiary.

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