Willamette vs. Weyerhaeuser

[rags]

I went to the annual shareholders meeting yesterday to support the "no takeover" of Willamette by Weyerhaeuser. My concern is the affect these two companies have on our fish habitat. Anyone have any comments of this possible takeover and how it will effect our fisheries?

[BUGLEMAN]

Also I am concerned about access. I hunt on willamette timberlands. Does Weyerhaeuser keep people out during Hunting seasons etc.?

[THE REEL HEY_YALL]

Bugle, I think it depends on the location, fire danger, etc. and especially how the land (by the public) will be used. Weyerhauser has a tract of land out here for hunting, down the road, that I frequent. They ask that no fires be built and no overnight camping at this location. Give them a call and ask them about the location and maybe they can put in touch with the right person to ask.

[bajaspecial]

Tonight on OPB (Oregon Public Broadcasting)...
http://www.opb.org/


SEVEN DAYS Debate show.
Friday, June 8 at 8:30-9 p.m on OPB TV
Rebroadcasts on Sundays at 3:30 p.m.

We'll take you inside the Willamette Industries board meeting as the company tries to fend off a hostile takeover by Weyerhauseser. Also, a debate over funding cleanup of the Portland Harbor Superfund site.
Moderator: Stephanie Fowler
Panelists: Joe Harwood, The Eugene Register-Guard; Richard Aguirre, The Salem
Statesman-Journal; James Mayer, The Oregonian; and Bill Lunch, OPB's political analyst.

[rags]

Bugleman,
I don't know if Weyehaeuser keeps hunters off their land but I do know they would like to develop some of the Willamette owned forest, especially around the north coast area.Bajaspecial, thanks for the info. I think we all as hunters and fisherman should pay attention to this.

[Pirate]

rags
I work for the little W and I don't know how Weyerhaeuser manages its land for hunting, but seeing how they have layed out a bunch of BS on this takeover, I can't imagine how anything would improve for you. I do know that Weyerhaeuser harvests timber 30 to 40% faster than Willamette and a lot of those trees are in Oregon. From what I know and believe, this is a long way from over. Willamette will not roll over just because S. R. may have gotten 3 members on our BOD, it just means we can now play hardball, too.
images/icons/tongue.gif images/icons/tongue.gif Weyerhaeuser images/icons/tongue.gif images/icons/tongue.gif

[Mr. Fisherman]

Here is an update I came across. I thought you might be interested:

http://www.isa.org/journals/intech/brief/1,1161,880,00.html

13 June 2001
Willamette takeover: Voters decided board election, or did they?


It's Florida all over again. In a small-scale version of the presidential election, Weyerhaeuser Co., which is trying to buy Willamette Industries, declared victory in its attempt to secure three seats on the Willamette board, while Willamette contradicted the results.

And the reason why this is a big deal is if Weyerhaeuser wins the board seats, it will make for a safer ride for its Willamette takeover.

Based on the number of proxies Weyerhaeuser has submitted to Investor Voting Services, the independent inspectors of the election, the company elected three directors to Willamette's board, Weyerhaeuser said.

"We are confident that the final outcome of today's vote will clearly demonstrate that the Willamette shareholders want and expect their board to enter into negotiations with Weyerhaeuser to reach a mutually beneficial transaction," Weyerhaeuser chief executive officer Steven Rogel said.

However, Willamette said the preliminary results do not indicate a clear winner, and it will take another two to three weeks to tally the votes.

"The vote was very close," said Willamette spokesman Jim Barron. "Obviously, we have to wait until all votes are certified."'

Federal Way, Wash.-based Weyerhaeuser has been trying to buy Willamette since last year but has been rejected each time. Weyerhaeuser first made a $48 a share bid, or $5.24 billion, for Portland, Ore.-based Willamette last November and then raised the offer earlier this month to $50 a share, or $5.5 billion. Weyerhaeuser has indicated it may raise its already sweetened $5.5 billion offer.

[ 06-17-2001: Message edited by: Mr. Fisherman ]