Rayonier Announces Timberland Dispositions Totaling $495 Million
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Rayonier Inc. has announced the completion and pending sales of approximately 200,000 acres of timberland for $495 million as part of its asset disposition and capital structure realignment plan. The sales include land in Southeast Oklahoma and the Olympic Peninsula in Northwest Washington.
November 06, 2024 | 9:30 pm
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Rayonier Inc. has sold approximately 200,000 acres of timberland for $495 million, aligning with its asset disposition and capital structure realignment plan. This move could positively impact the company's financial position.
The sale of 200,000 acres of timberland for $495 million is a significant move in Rayonier's asset disposition plan. This transaction is likely to improve the company's financial position by providing substantial cash inflow, which can be used for debt reduction or reinvestment. The strategic realignment of assets suggests a focus on optimizing the company's portfolio, which is generally viewed positively by investors.
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