Weyerhaeuser is claiming victory in its hostile take-over bid for Willamette after its nominees to serve on Willamettes board were all elected (PrintWeek, 15 June).


The news comes after a preliminary count of the votes from Willamettes 2001 annual general meeting, and follows a protracted and embittered war of words between the rivals.
Weyerhaeusers nominees gained the support of around 44% of the companys shares, but Willamettes three nominees, including company president and chief executive Duane McDougall, only managed to secure just
over 42% of the shares outstanding.


Weyerhaeuser chairman Steven Rogel said it was time for the firms to sit down together and negotiate a deal.