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Rayonier Shares Drop 6% Despite $3.4B Merger Creating Timber Giant
Rayonier Shares Drop 6% Despite $3.4B Merger Creating Timber Giant
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BTCCSquare news:
Rayonier Inc. (RYN) shares fell nearly 6% despite announcing an all-stock merger with PotlatchDeltic (PCH) to FORM a $7.1 billion timberland powerhouse. The combined entity will control 4.2 million acres across 11 U.S. states, positioning it to benefit from housing market recovery and new lumber tariffs.
The deal coincides with the implementation of Trump-era lumber tariffs targeting Canadian imports, which could boost domestic producers. However, depressed lumber futures—down significantly this year due to high interest rates dampening housing demand—continue to weigh on sector valuations.
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