Paper War Rages On

Willamette's CEO Duane C. McDougall issued a statement in response:

"Proxy Monitor appears to have absorbed Weyerhaeuser's rhetoric, but ignores the hard economic facts behind our board's carefully considered actions. Our board has never believed that Weyerhaeuser is willing to pay what we believe is a fair value for Willamette. While saying publicly that they want to do a deal quickly and hinting that they may offer more, they tell us privately that nothing has changed and they have nothing new to say. That's why we have not been willing to sit down with them."