Rayonier and PotlatchDeltic stockholders approve merger; closing expected Jan 30, 2026

RAYONIER INC

Rayonier shareholders approved share issuance with 133.5M for, 8.1M against.
Each PotlatchDeltic share converts to 1.8185 Rayonier shares plus $0.61 cash.
Rayonier holders to own ~54% of combined firm; PotlatchDeltic ~46%.
Combined company will keep Rayonier name and RYN ticker initially; new name planned Q1 2026.

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