G-P Throws Wrinkle Into Drama

Widely viewed as an act to discourage Weyerhaeuser's overtures, the acquisition of G-P's building products unit would give Willamette a product and service facelift, and preclude Weyerhaeuser from making the acquisition. Such a move, genuine or not, had the opposite effect. In fact, Weyerhaeuser upped its hostile takeover attempt of Willamette to $6.05 billion, from $50 a share to $55 a share. The total does not include the assumption of more than $1.5 billion in debt.