On May 31, PotlatchDeltic Corporation and CatchMark Timber Trust announced an agreement to merge in an all-stock transaction. The combined company will own approximately 2.2 million acres of timberland, including 626,000 acres in northern Idaho and more than 1.5 million acres in six states across the South. PotlatchDeltic’s acquisition of CatchMark is projected to result in a pro forma market capitalization of more than $4 billion, a total enterprise value of more than $5 billion, and a net debt of $577 million. The transaction is expected to close as early as Q3 2022. Plans to leverage PotlatchDeltic’s expertise in rural land sales and CatchMark’s knowledge of Southern markets should maximize opportunities for rural real estate sales, such as conservation and solar transactions. Read more HERE.
PotlatchDeltic Acquires CatchMark
Missouri Regulators Approve Sale of Grain Belt Express Clean Line
In June, the Missouri Public Service Commission approved …
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