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BRIEF-‍Southeastern Asset Management​ says learnt that Deltic Timber has received unsolicited buyout proposal
August 25, 2017 / 8:12 PM / a month ago

BRIEF-‍Southeastern Asset Management​ says learnt that Deltic Timber has received unsolicited buyout proposal

Aug 25 (Reuters) - Deltic Timber Corp

* Southeastern Asset Management​ - learned that at least one industrial party has made unsolicited proposal to merge with Deltic Timber Corp in exchange for stock

* Southeastern Asset Management says willing to enter into agreement with Deltic Timber to help evaluate the proposal, but Deltic not serious about engaging with Southeastern at a substantive level

* Southeastern Asset Management says believes it is highly likely the unsolicited proposal for Deltic Timber would provide benefits to deltic shareholders

* ‍Southeastern Asset Management says it signals its support for the unsolicited proposal for Deltic Timber Corp urging co’s board for better outcome than status quo

* ‍Southeastern Asset Management​ owned 15 pct stake in Deltic Timber Corp as of Aug 25 - SEC filing Source text: (bit.ly/2ve1Khq) Further company coverage:

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