Rayonier in its $8.2 billion all-stock merger of equals with PotlatchDeltic

On October 14, 2025, Rayonier (NYSE: RYN) and PotlatchDeltic (Nasdaq: PCH) announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a leading domestic land resources REIT and top-tier lumber manufacturer.  The combined company is expected to have a total enterprise value of $8.2 billion.  Upon completion of the transaction, the combined company will become the second-largest publicly traded timber and wood products company in North America.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Rayonier.