POULSBO, Wash., Nov. 5, 2019 /PRNewswire/ -- Pope Resources
(Nasdaq:POPE) announced today that it is engaged in discussions
with parties regarding a potential transaction, which may include a
merger or an acquisition of Pope Resources.
No definitive agreement has been reached and there can be no
assurances that any transaction will result from these discussions
or as to the terms, timing or approval of any such transaction that
may be proposed. Pope Resources does not intend to make any
additional comments regarding this matter unless and until a
definitive agreement has been reached or Pope Resources determines
that further disclosure is required or beneficial.
Centerview Partners is serving as financial advisor.
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property
Group, own and manage 120,000 acres of timberland and 2,000 acres
of development property in Washington. In addition, Pope Resources
co-invests in and consolidates three private equity timber funds
that own 141,000 acres of timberland in Washington, Oregon, and California. The Partnership and its
predecessor companies have owned and managed timberlands and
development properties for over 165 years. Additional information
on the company can be found at www.poperesources.com. The contents
of our website are not incorporated into this release or into our
filings with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward looking statements regarding
the Partnership's strategic discussions. All statements in this
release, other than statements of historical fact, should be
considered forward-looking in nature. Because these statements
describe or relate to events that may happen in the future, they
are uncertain of occurrence and are therefore inherently
unreliable, and some or all of these events may not come to pass.
Accordingly, readers should not interpret or infer from these
statements that a transaction will be consummated or, if
consummated, that any such transaction will occur in the near
future. Our future actions and actual performance may vary from
current expectations and under various circumstances the results of
these variations may be material and adverse. Some of the factors
that may cause actual events to differ include the actions of our
prospective transaction partners, the responses of our unitholders,
our general and limited partners, and the owners of our general
partners to any proposal to engage in such a transaction, and
uncertainties associated with the actions of others. Many of these
prospective events are beyond our ability to control or anticipate,
and any or all such factors may affect the outcome of our strategic
discussions. Further, any announcement that we have abandoned this
process or that we will not engage in a sale transaction may have a
material adverse effect on the trading price of our limited partner
units and the related depositary receipts. Other factors that may
from time to time affect the value of our securities are set forth
in that part of our Annual Report on Form 10-K entitled "Risk
Factors," and in our other filings with the Securities and Exchange
Commission from time to time.
Forward-looking statements in this release are made only as of
the date shown above, and we cannot undertake to update these
statements.
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SOURCE Pope Resources