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During the announcement, Weyerhaeuser representatives noted that 51 percent of Willamette's shares had been tendered at $48 per share. At the initial January 5 deadline, the company said that 48 percent of Willamette's shares had been tendered.
Shareholders are prohibited from purchasing more than 15 percent of Willamette's stock without prior board approval.
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- People:
- Duane McDougall
- Places:
- New York
- Willamette
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