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Weyerhaeuser completes Willamette acquisition

Mar 18, 2002 12:00 AM


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Weyerhaeuser Co. (Federal Way, WA) has completed its acquisition of Willamette Industries (Portland, OR) following the filing of articles of merger with the Secretaries of the States of Oregon and Washington.

Willamette Industries is now a wholly owned subsidiary of Weyerhaeuser; shares of Willamette common stock not held by Weyerhaeuser were converted into the right to receive $55.50 in cash without interest when surrendered for payment. Willamette shares ceased trading on the NYSE on March 14.

This past February, Weyerhaeuser announced that it had acquired approximately 97 percent of Willamette outstanding shares through a successful tender offer.