Deltic Timber Corp (DEL.N)

DEL.N on New York Stock Exchange

16 Jan 2018
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$-0.57 (-0.62%)
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Latest Key Developments (Source: Significant Developments)

Deltic Timber reports preliminary Q3 earnings of 20 cents per share​
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Deltic Timber Corp :Deltic Timber Corp - preliminary Q3 ‍net income was $2.5 million, or $.20 per diluted share​.Deltic Timber Corp - sees Q4 pine sawtimber harvest to be 275,000 to 300,000 tons.Deltic Timber Corp - preliminary Q3 ‍net sales was $61.6 million, compared to $53.5 million for Q3 2016​-sec filing.  Full Article

‍Southeastern Asset Management reports 15 pct passive stake in Deltic Timber
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Deltic Timber Corp ::Southeastern Asset Management Inc​ reports 15 percent passive stake in Deltic Timber Corp as of Oct 20 - SEC filing.  Full Article

Potlatch-if deal terminated‍​ on Co's board's recommendation, Deltic Timber get $66 mln termination fee
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Deltic Timber Corp :Potlatch - if deal terminated‍​ due to change in recommendation by Co's board, Co to pay deltic timber $66 million termination fee - SEC filing.Potlatch - if deal terminated‍​ due to change in recommendation by Deltic Timber's board, Deltic Timber to pay Co termination fee of $33 million.  Full Article

Potlatch and Deltic Timber to combine to create leading timberland REIT and lumber manufacturer
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Potlatch Corp :Press release - potlatch and deltic timber to combine to create leading timberland reit and lumber manufacturer.Potlatch Corp - ‍Potlatch raises annual dividend from $1.50 to $1.60 per share​.Potlatch Corp - ‍Share repurchase authorization of $54 million remains in place​.Potlatch Corp - ‍Combined co is expected to have a pro forma equity market capitalization of about $3.3 billion and a total enterprise value of over $4.0 billion​.Potlatch Corp - ‍Deltic stockholders will receive 1.80 common shares of potlatch stock for each common share of deltic that they own​.Potlatch Corp - ‍Following close of transaction, Potlatch stockholders will own approximately 65% of combined company​.Potlatch Corp - ‍Following close of transaction, Deltic stockholders will own approximately 35% of combined co on a fully diluted basis​.Potlatch Corp - ‍Agreement also provides for Deltic to convert to a REIT structure, effective at closing date of transaction​.Potlatch Corp - ‍Combined company expects to realize approximately $50 million after-tax cash synergies and operational efficiencies​.Potlatch Corp - ‍Board of combined company will comprise eight directors from Potlatch and four directors from Deltic​.Potlatch Corp - ‍Both companies intend to maintain dividend payments through completion of transaction​.Potlatch - ‍As part of REIT conversion process, Deltic's accumulated earnings & profits to be distributed to combined co stockholders through dividend.  Full Article

‍Southeastern Asset Management​ says learnt that Deltic Timber has received unsolicited buyout proposal
Saturday, 26 Aug 2017 

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.  Full Article

Deltic Timber posts Q2 earnings per share $0.35
Thursday, 28 Jul 2016 

Deltic Timber Corp : Deltic announces preliminary second quarter 2016 results . Q2 earnings per share $0.35 . MDF sales volumes for Q3 and year of 2016 are forecast to be 25 to 35 million square feet and 100 to 120 million square feet, respectively . Qtrly net sales $56.7 million versus $45.7 million .Finished lumber production and sales volume are estimated at 60 to 70 million board feet for Q3 and 265 to 285 million board feet for year.  Full Article

Nightclub firm Deltic discloses stake in merger target Revolution Bars

LONDON, Nov 30 Nightclub operator Deltic Group has disclosed a 3 percent stake in Revolution Bars Group , signalling it is still interested in a tie-up with the company it unsuccessfully tried to merge with earlier this year.