Weyerhaeuser Raises Offer for Willamette to $55 Per Share

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Weyerhaeuser Raises Offer for Willamette to $55 Per Share

Friday, December 14, 2001

Press release from the issuing company

FEDERAL WAY, Wash.---Dec. 13, 2001--Weyerhaeuser announced that it has increased the price of its fully financed cash tender offer for all outstanding shares of Willamette Industries common stock to $55 per share from $50 per share. Willamette says they are reviewing the offer. Weyerhaeuser disclosed the increased offer price in a letter sent today to the board of directors of Willamette from Steven R. Rogel, Weyerhaeuser chairman, president and chief executive officer. Weyerhaeuser added that the revised tender offer for all outstanding shares of Willamette remains scheduled to expire on January 9, 2002 at 12:00 midnight New York City time.

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