PotlatchDeltic Corporation (NasdaqGS:PCH) agreed to acquire Loutre Land and Timber Co. for approximately $120 million on December 6, 2021. As per the terms of the transaction, PotlatchDeltic issued 1.96 million shares of common stock and assumed debt of $6.6 million. No fractional PotlatchDeltic common shares were issued in the transaction, and Loutre's stockholders will receive cash in lieu of any fractional shares. This transaction is a bolt-on acquisition. The agreement was approved by the Boards of Directors of both PotlatchDeltic and Loutre, the Loutre shareholders. Andrew Bor of Perkins Coie LLP acted as legal advisor to PotlatchDeltic while Robert T. Smith acted as legal advisor to Loutre. Computershare Trust Company, Inc acted as transfer agent to PotlatchDeltic.

PotlatchDeltic Corporation (NasdaqGS:PCH) completed the acquisition of Loutre Land and Timber Co. on December 6, 2021.