Shareholders Approve PotlatchDeltic Merger, Paving Way for January 30 Close

summarizeSummary

Rayonier Inc. shareholders approved the share issuance for the merger with PotlatchDeltic Corporation, with the transaction now expected to close on January 30, 2026.

check_boxKey Events

• Shareholder Approval for Merger

  Rayonier shareholders approved the issuance of common shares in connection with the merger with PotlatchDeltic Corporation, with 133,500,334 votes for and 8,093,259 against.

• Merger Closing Imminent

  The merger is now expected to be completed after market close on January 30, 2026, subject to customary closing conditions.

• Combined Company Ownership Structure

  Upon completion, Rayonier shareholders are expected to own approximately 54% of the combined company, and former PotlatchDeltic stockholders will own the remaining 46%.

• Conversion Terms for PotlatchDeltic Shares

  Each PotlatchDeltic common share will convert into 1.8185 Rayonier common shares and $0.61 in cash.

auto_awesomeAnalysis

Rayonier Inc. shareholders have approved the issuance of common shares necessary for the merger with PotlatchDeltic Corporation. This critical vote removes a significant hurdle for the previously announced merger, which is now expected to close on January 30, 2026. This follows the 8-K filing on January 16, 2026, which provided supplemental disclosures related to the merger. The approval of this major strategic transaction is a highly material event, fundamentally altering the company's structure and future operations, and is a key step towards creating a larger, combined timberland REIT.