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.
Have your say in the Printweek Poll
Related stories
Latest comments
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
New owner is 'patient, committed investor'
Shareholders green light Royal Mail takeover
Two other tenders also available
House of Commons contingency printing tender live
Wide-format's gala expo
Visionaries welcome
Global Print Expo