It added: "Following a period of engagement and due diligence, the board has concluded that a transaction with Deltic
would not be in the best interests of the company's shareholders.
Expert vehicle technician Raymond Batchelor preparing Iconic 1960's Deltic
locomotive 'King's Own Yorkshire Light Infantry' (KOYLI), at the National Railway Museum at Shildon, County Durham, ahead of it's important role alongside steam legend Flying Scotsman in the museum's ground breaking 'Stunts, Speed and Style' display, which will take place at its York site in March 2016 and form part of its highly anticipated Scotsman Season
Last week, the companies announced a $1.2 billion all-stock deal that will give Deltic
shareholders 1.8 Potlatch shares for every Deltic
share, a roughly 7 percent premium for Deltic
It is thought that Deltic
will again push for an all-paper tie-up which would see Revolution own 65% of a combined entity and Deltic
the remaining 35%, creating a bar giant with annual sales of more than PS270 million.
A natural resources company, Deltic
Timber owns 530,000 acres and manages timberland.
Earlier, the Deltic
had hauled the train from Shildon into Eaglescliffe, where it sat for a while before heading back out the other way towards York.
He said: "The Royal Scots Grey 'Deltic
' diesel was used to carry passengers from Birmingham to Ramsgate last summer.
The Ashton-under-Lyne headquartered company, which was last year the subject of a takeover tussle between rivals Deltic
and Stonegate, said revenue for the 26 weeks to December 30 rose 10.6% to PS73.7m.
NIGHTCLUB owner Deltic
Group has revealed it has its eye on Newcastle as part of expansion plans in the wake of its failed merger attempt with Revolution Bars.
is proposing an all-paper merger that would see embattled Revolution own 65 per cent of the combined business and Deltic
the remaining 35 per cent.
Dillon, who was 60 when Deltic
's annual proxy statement was issued in March, has been CEO of Deltic
since 2003, when he was hired away from Gaylord Container Corp.
Timber Corporation (NYSE:DEL) revealed on Monday that its board of directors approved a quarterly dividend of USD0.100 per share.