PotlatchDeltic to merge with Rayonier in a $8.2bn deal.

PotlatchDeltic, a leading Real Estate Investment Trust, agreed to merge with Rayonier, a timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions, in a $8.2bn deal. “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," Mark McHugh, Rayonier President and Chief Executive Officer.