NEW YORK, NY / ACCESSWIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Pope Resources, A Delaware Limited Partnership ("Pope Resources") (NASDAQ:POPE) stock prior to January 15, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Pope Resources to Rayonier Inc. ("Rayonier") (NYSE: RYN). Under the terms of the merger, Pope Resources unitholders will have the right to elect to receive (i) 3.929 common shares of Rayonier, (ii) 3.929 units of Rayonier Operating Partnership LP, or (iii) $125 in cash in exchange for each unit of Pope Resources, subject to a proration mechanism. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/pope-resources-a-delaware-limited-partnership
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Pope Resources merger investigation concerns whether the Board of Pope Resources breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Rayonier is underpaying for Pope Resources shares, thus unlawfully harming Pope Resources shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP