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BRIEF-Rayonier announces proposed offering of its common shares

March 16 Rayonier Inc

* Rayonier announces proposed offering of its common shares

* Rayonier Inc says commenced an underwritten public offering of 5 million common shares

* Rayonier - intends to use net proceeds to finance portion of acquisition of approximately 95,100 acres of high-quality industrial timberlands in Florida Source text for Eikon: Further company coverage:

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