Rayonier Advanced Materials (RYAM) shares were up by more than 44% in recent Wednesday trading after American Industrial Partners acquired a 5.1% stake in the company.
AIP purchased 3.4 million shares for roughly $25.4 million, after its unsolicited proposal to acquire the company for $11 to $12 per share was rejected in December, according to a Schedule 13D filing.
AIP said it envisions combining Rayonier with its Global Cellulose Fibers, a fluff pulp company that it acquired in August 2025, while it does not intend to pursue any deals opposed by Rayonier's board.
Price: 10.32, Change: +3.15, Percent Change: +43.93
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments