Rayonier to acquire pope resources

Rayonier - pope resources unitholders to have right to elect to get 3.929 shares of co, 3.929 units of rayonier operating partnership lp.rayonier to acquire pope resources.rayonier inc - transaction values pope resources' limited partnership equity at $554 million.rayonier inc - deal for $126.91 per unit.rayonier inc - deal expected to generate accretion to cash available for distribution per share in first full year.rayonier inc - deal results in targeted annual cost synergies of $5 million.rayonier inc - expects deal will increase annual adjusted ebitda & cad by about $38 million & $25 million, respectively, over next five years.rayonier inc - transaction values pope resources' enterprise value at $656 million.rayonier- rayonier operating partnership lp will own all assets of rayonier, pope resources.rayonier inc - deal for consideration consisting of equity and cash.rayonier inc - pope resources unitholders may also elect to receive $125 in cash in exchange for each unit of pope resources.rayonier inc - deal employs upreit structure to defer capital gain recognition for pope resources unitholders.
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