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Deltic Timber Jumps After Agreeing To Be Bought By Larger Peer Potlatch
Article By:
The Fly
Monday, October 23, 2017 11:17 AM EDT
Shares of Deltic Timber Corporation jumped in early trading after the company agreed to be acquired by Potlatch Corporation. The combined company is expected to have a pro-forma market cap of about $3.3B and a total enterprise value of over $4B.