Paper War Catching Fire
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The report also alluded to Willamette's agreement with its financial advisor, Goldman Sachs & Co. Weyerhaeuser, in a letter to Willamette shareholders dated May 25, said, "Ask yourself why Willamette is paying Goldman Sachs $30 million of your money to prevent a deal with Weyerhaeuser."
The companies exchanged letters to their respective boards. Weyerhaeuser wrote, "Despite the fact that the Willamette board appears to believe that Willamette is worth more than its shares have ever achieved in the market, they have never disclosed at what price, if any, they would consider a sale transaction."
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- People:
- Catching Fire
- Places:
- Portland, OR
- Willamette
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