Shareholder alert: weiss law investigates catchmark timber trust, inc.

New york , may 31, 2022 /prnewswire/ -- weiss law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of catchmark timber trust, inc. ("catchmark" or the "company") (nyse: ctt) in connection with the proposed acquisition of the company by potlatchdeltic ("potlatchdeltic") corporation (nasdaq: pch). under the terms of the merger agreement, the company's shareholders will receive 0.23 common shares of potlatchdeltic stock for each common share of catchmark owned, representing implied per-share merger consideration of approximately $12.88 based upon potlatchdeltic's may 27, 2022 closing price of $56.02.
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