January 15, 2020

Pope Resources To Be Acquired by Rayonier

Munger, Tolles & Olson is representing the special committee of Pope Resources’ board of directors in the company’s definitive agreement to be acquired by Rayonier Inc. The transaction was announced on Jan. 15, 2020 and values Pope Resources’ total equity at $564 million, based on Rayonier’s then 10-day volume weighted average stock price. 

Pope Resources will be acquired for a mix of cash and equity and includes a tax-deferred UPREIT structure. The transaction is subject to customary conditions, including Pope Resources’ unitholder approval, and is expected to close in mid-2020. 

The team is led by Robert E. Denham and Jennifer M. Broder and includes corporate attorneys Zara Bari and Anthony Ramirez. David B. Goldman advised on the tax aspects of the transaction; Robert K. Johnson and Matthew S. Schonholz provided counsel on executive compensation matters.