We are 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.

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.