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Timber Titans Join Forces – Merger Arbitrage Mondays

  • October 20, 2025

PotlatchDeltic Corporation (PCH): $42.77

Market Cap: $3.31B

Deal Size: $4.44B

U.S. timberland owner Rayonier Inc. (RYN) entered a merger agreement on October 14, 2025, to acquire its peer PotlatchDeltic Corporation in an all-stock deal, valued at $4.44 billion, creating the nation’s second-largest publicly traded timber and wood products company.

PotlatchDeltic shareholders will receive 1.7339 common shares of Rayonier for each share of common stock of PotlatchDeltic. The exchange ratio represents an implied price of $44.11 per PotlatchDeltic share, a premium of 5.93% from the stock’s last close.

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