Weyerhaeuser Wins Round One of Battle
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Willamette's new board was scheduled to meet in August, which coincides with the deadline of the $5.5 billion hostile takeover attempt, although the offer is likely to be extended, which has been the case several times previously. While the topic is likely to be brought up at the first meeting, many analysts believe Willamette is waiting for Weyerhaeuser to improve upon its $50 a share offer. Some observers have suggested that the final price will likely fall in the $55 to $60 range.
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