Real Estate Acquisitions in Arkansas
Showing 1 transactions.
-
December 22, 2021
- Buyer
- PotlatchDeltic Corporation
- Target
- Loutre Land and Timber Company
- Seller
- Loutre Land and Timber Company shareholders
- Industry
- Real Estate
- Location
- Arkansas, United States
- Type
- Addon
PotlatchDeltic Corporation merged with Loutre Land and Timber Company, issuing 1.96 million shares of common stock and assuming $6.6 million of debt in exchange for Loutre's 51,340 acres of timberlands in southern Arkansas and northern Louisiana. The transaction is a bolt-on acquisition that expands PotlatchDeltic's timberland footprint and is expected to increase stable cash flows and support dividend growth.
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