Weyerhaeuser Tender Offer for Willamette Industries Extended to October 17, 2001
Press release from the issuing company
FEDERAL WAY, Wash.-- Sept. 14, 2001--Weyerhaeuser Company today announced that it has extended its $50 per share cash tender offer for all of the outstanding common stock of Willamette Industries, Inc. until midnight, New York City time, on October 17, 2001.
As of 5:00 p.m., New York City time, on September 10, 2001, Willamette shareholders had tendered and not withdrawn approximately 32.7 million shares pursuant to Weyerhaeuser's tender offer.
Company Holdings, Inc. ("CHI''), a wholly owned subsidiary of Weyerhaeuser Company, has commenced a tender offer for all the outstanding shares of common stock of Willamette Industries, Inc. at $50.00 per share, net to the seller in cash, without interest. The offer currently is scheduled to expire at 12:00 midnight, New York City time, on Wednesday, October 17, 2001. CHI may extend the offer. If the offer is extended, CHI will notify the depositary for the offer and issue a press release announcing the extension on or before 9:00 a.m. New York City time on the first business day following the date the offer was scheduled to expire.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.