CATCHMARK TIMBER INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CatchMark Timber Trust, Inc. - CTT
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Last update: Aug 9, 2022
NEW ORLEANS, Aug. 8, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of CatchMark Timber Trust, Inc. (NYSE: CTT) to PotlatchDeltic Corporation (Nasdaq: PCH). Under the terms of the proposed transaction, shareholders of CatchMark will receive only 0.23 shares of PotlatchDeltic for each share of CatchMark that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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