SHAREHOLDER ALERT: Weiss Law Investigates CatchMark Timber Trust, Inc.

NEW YORK, May 31, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CatchMark Timber Trust, Inc. ("CatchMark" or the "Company") (NYSE: CTT) in connection with the proposed acquisition of the Company by PotlatchDeltic ("PotlatchDeltic") Corporation (NASDAQ: PCH). Under the terms of the merger agreement, the Company's shareholders will receive 0.23 common shares of PotlatchDeltic stock for each common share of CatchMark owned, representing implied per-share merger consideration of approximately $12.88 based upon PotlatchDeltic's May 27, 2022 closing price of $56.02.  Upon completion of the transaction, PotlatchDeltic shareholders will own approximately 86% of the combined company, while CatchMark shareholders will own only approximately 14% of the combined company.  The all-stock transaction is valued at approximately $5 billion.

If you own CatchMark shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/ctt 
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) CatchMark's board of directors ("Board") acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates CatchMark's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE Weiss Law

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