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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:44 EDTPCHPotlatch downgraded to Underperform from Neutral at DA Davidson
DA Davidson downgraded Potlatch based on valuation. Price target raised to $40 from $38.
News For PCH From The Last 14 Days
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October 20, 2014
16:37 EDTPCHPotlatch to purchase 201,000 acres of timberlands in Alabama, Mississippi
Potlatch announced that it has signed a purchase agreement to acquire 201,000 acres of timberlands in Alabama and Mississippi from affiliates of Resource Management Service, LLC for $384M. The transaction is expected to close late in the fourth quarter and is subject to the satisfaction of customary closing conditions. Upon closing, the acquired timberlands are expected to be immediately accretive to funds available for distribution per share, which would support the company's ability to grow its dividend over time. The company plans to finance the acquisition with new long-term debt and cash.
16:36 EDTPCHPotlatch reports Q3 EPS 81c, consensus 83c
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