M&A - RAYONIER INC

Form Type: 8-K

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: New

Accession Number: 000005282725000023

Filing Summary: On March 9, 2025, Rayonier Operating Company LLC and Rayonier TRS Holdings Inc. entered into a purchase and sale agreement with Taurus Forest Holdings Limited to sell all outstanding equity interests of Rayonier Canterbury, LLC and Rayonier New Zealand Limited for a purchase price of $710 million, subject to adjustments. This transaction will divest Rayonier from its New Zealand timber and log trading businesses. The completion of the transaction is contingent upon several conditions including antitrust approvals and other necessary permits. The Purchase Agreement includes representations, warranties, and covenants, as well as termination rights if the transaction is not completed by December 9, 2025. On March 10, 2025, Rayonier issued a press release and an investor presentation regarding the agreement, both of which are attached as exhibits to the Form 8-K filing.

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