Pope Resources

Pope Resources (POPE) relating to its sale to Rayonier Inc. Under the terms of the sale, Pope shareholders will have the right to elect one of the following considerations: (i) 3.929 shares of Rayonier common stock, (ii) 3.929 units of Opco (subsidiary of Rayonier), or (iii) $125.00 in cash for each Pope unit owned.

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