Rayonier Inc. /
timberlands
Rayonier to buy 172,400 acres of timberlands from Manulife Investment Management
- Price
- $474m
- Stage
- Agreement signed
- Seller
- Manulife Investment Management
What happened
Rayonier Inc. agreed to acquire approximately 172,400 acres of timberlands in Texas, Georgia, Alabama and Louisiana for approximately $474 million. The agreements cover commercial timberlands.
The transaction is subject to customary title and other closing conditions and was expected to close in the fourth quarter of 2022.
The source
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Rayonier to buy 172,400 acres of timberlands from Manulife Investment Management
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Expected close
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