Paper War Rages On

Should Federal Way, Wash.-based Weyerhaeuser prevail in its takeover attempt, it would create the second largest forest products company, behind only International Paper.

A Battle Of Words

The two sides engaged in a propaganda letter-writing campaign leading up to the June 7 board meeting. On May 9, Willamette informed Weyerhaeuser that its board of directors had unanimously rejected its amended offer of $50 per share. Willamette called the offer's 4 percent increase from $48 "paltry."