Paper War Catching Fire
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In outlining several points to back the rejection, Willamette called the offer's 4 percent increase from $48 as being "paltry."
A protracted battle may do harm to Willamette's value, some shareholders fear. "These guys (Willamette's board) have surprised even us," Steven Cohen, chief investment officer at Keller, DiLeo & Co. and a Willamette shareholder, told Reuters. "They haven't taken any steps to do something that is even remotely in favor of their shareholders."
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- People:
- Catching Fire
- Places:
- Portland, OR
- Willamette
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