# POTLATCHDELTIC CORP — merger [completed]
Source: SEC API (secapi.ai) · situation sit_9d0506fd5631e7c254fb · retrieved 2026-08-11T16:12:43.457Z

## Overview
PotlatchDeltic Corporation is a leading Real Estate Investment Trust (REIT) that owns approximately 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, and operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business, and a rural timberland land sales program.

PotlatchDeltic Corporation held a special stockholder meeting on January 27, 2026, to approve its merger with Rayonier Inc. under an Agreement and Plan of Merger dated October 13, 2025. Upon completion, each share of PotlatchDeltic common stock will be converted into 1.8185 Rayonier common shares and $0.61 in cash. The merger is expected to close on or around January 30, 2026. Upon completion, Rayonier shareholders are expected to own approximately 54% of the combined company and former PotlatchDeltic stockholders are expected to own the remaining 46%.

## Terms
- Counterparty: Rayonier Inc. · Consideration: mixed · Stake: 46% · Price/share: $0.61

## Key dates
- Announced 2026-01-16 · Vote 2026-01-27 · Expected close 2026-01-30 · Completed 2026-01-30

## Timeline
- 2026-01-16 · 425 (0001193125-26-015403): 425 - POTLATCHDELTIC CORP — *PotlatchDeltic Corporation is a real estate investment trust engaged in timberlands management and wood products manufacturing, with operations in timberlands and real estate segments.* PotlatchDeltic Corporation entered into an Agreement and Plan of Merger with Rayonier Inc. on October 13, 2025. Under the merger agreement, PotlatchDeltic will merge with and into Redwood Merger Sub, LLC, a wholly owned subsidiary of Rayonier, with Merger Sub surviving as a direct subsidiary of Rayonier. Each of PotlatchDeltic and Rayonier will hold special meetings of stockholders and shareholders on January 27, 2026 to vote on the transaction. The merger consideration consists of approximately 135.680 million Rayonier common shares to be issued to PotlatchDeltic stockholders, representing approximately 46% pro forma ownership in the combined entity, with estimated cost savings of $352 million to $416 million.
  https://www.sec.gov/Archives/edgar/data/1338749/0001193125-26-015403.txt
- 2026-01-16 · 425 (0001193125-26-015390): 425 - POTLATCHDELTIC CORP — *Rayonier Inc. is a real estate investment trust engaged in timberlands and real estate operations.* Rayonier Inc. entered into an Agreement and Plan of Merger with PotlatchDeltic Corporation on October 13, 2025. Under the merger agreement, PotlatchDeltic will merge with and into Redwood Merger Sub, LLC, a wholly owned subsidiary of Rayonier, with Merger Sub surviving as a direct, wholly owned subsidiary of Rayonier. The merger consideration consists of approximately 135.680 million Rayonier common shares to be issued to PotlatchDeltic shareholders, representing approximately 46% pro forma ownership for PotlatchDeltic shareholders. Each of Rayonier and PotlatchDeltic will hold special shareholder meetings on January 27, 2026 to vote on the transaction. The registration statement was declared effective on December 23, 2025.
  https://www.sec.gov/Archives/edgar/data/1338749/0001193125-26-015390.txt
- 2026-01-27 · 425 (0001193125-26-024899): 425 - POTLATCHDELTIC CORP — *PotlatchDeltic Corporation is a leading Real Estate Investment Trust (REIT) that owns approximately 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, and operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business, and a rural timberland land sales program.* PotlatchDeltic Corporation held a special stockholder meeting on January 27, 2026, to approve its merger with Rayonier Inc. under an Agreement and Plan of Merger dated October 13, 2025. Upon completion, each share of PotlatchDeltic common stock will be converted into 1.8185 Rayonier common shares and $0.61 in cash. The merger is expected to close on or around January 30, 2026. Upon completion, Rayonier shareholders are expected to own approximately 54% of the combined company and former PotlatchDeltic stockholders are expected to own the remaining 46%.
  https://www.sec.gov/Archives/edgar/data/1338749/0001193125-26-024899.txt
- 2026-01-30 · 8-K (0001193125-26-032108): 8-K 8-K
  https://www.sec.gov/Archives/edgar/data/1338749/000119312526032108/d65514d8k.htm

## Citations
- 0001193125-26-015403 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526015403
- 0001193125-26-015390 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526015390
- 0001193125-26-024899 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526024899
- 0001193125-26-032108 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526032108