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Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:34 EDTPCHPotlatch promotes CFO Cremers to role of COO
Potlatch Corporation announced that Eric Cremers has been named president and chief operating officer, and elected to its board of directors, effective March 1. Cremers will continue to serve as chief financial officer and lead investor relations activities while a search for a successor is conducted, the company said.
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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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