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Piles of wooden boards in a sawmill in a file photo. Shutterstock
Two of the South’s leading timberland owners announced plans to merge on Oct. 14, creating an $8.2 billion forestry giant that will move its headquarters to Atlanta, Georgia.
Rayonier, Inc. and PotlatchDeltic Corp. said on Oct. 14 that their all-stock merger will create a land resources real estate investment trust with a market value of $7.1 billion, including an additional $1.1 billion in net debt.
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