PotlatchDeltic Corp. and CatchMark Timber Trust this week entered into a definitive agreement to combine in an all-stock transaction, maintaining the former's hold on the timber-based REIT carrying the most leverage on lumber prices.
The combined company is expected to have a pro forma market capitalization over $4 billion and total enterprise value of more than $5 billion, including $557 million in net debt.
Timberland Assets a 'Great Investment'
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