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RAYONIER INC FILES (8-K) Disclosing Completion of Acquisition or Disposition of Assets

July 3, 2014

ITEM 2.01. Completion of Acquisition or Disposition of Assets.

On June 27, 2014, Rayonier Inc. ("Rayonier") completed the previously announced distribution of 100% of the outstanding common stock of Rayonier Advanced Materials Inc. ("SpinCo") to Rayonier's shareholders (the "Distribution"). SpinCo was formed to hold Rayonier's performance fibers business and, as a result of the Distribution, is now an independent public company whose common stock is listed and trading under the symbol "RYAM" on the New York Stock Exchange. The Distribution was made to Rayonier's shareholders of record as of the close of business on June 18, 2014 (the "Record Date"), and such shareholders received one share of SpinCo common stock for every three Rayonier common shares held as of close of business on the Record Date. ITEM 9.01. Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed consolidated financial statements of Rayonier giving effect to the Distribution, and the related notes thereto, are attached hereto as Exhibit 99.1. (d) Exhibits.

Exhibit No. Exhibit 99.1 Unaudited pro forma condensed consolidated financial information 1


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Source: Edgar Glimpses

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