
Rayonier Inc. (NYSE:RYN) and PotlatchDeltic Corp. (NASDAQ:PCH) announced on Tuesday that they have entered into a definitive agreement to merge in an all-stock transaction. The deal will create a leading U.S. land resources owner and top-tier lumber manufacturer.
Based on the closing stock prices of both companies on October 10, 2025, the combined company will have a pro forma equity market capitalization of $7.1 billion and a total enterprise value of $8.2 billion, including $1.1 billion of net debt.