Willamette Rejects Weyerhaeuser Bid
Willamette Industries
(WLL) - Get Whiting Petroleum Corporation (New) Report
rejected
Weyerhaeuser's
Scroll to Continue
TheStreet Recommends
(WY) - Get Weyerhaeuser Company Report
proposal to acquire the company for $48 a share, or about $5.3 billion.
Willamette said its board unanimously determined that the offer wasn't in the best interests of the company or its shareholders.
Shares of Willamette closed today at $46.94, up 81 cents, or 1.8%.