Willamette Shows Some Interest

"In view of our desire to put an end to the unproductive and costly stalemate for both our companies and shareholders, we write to offer you a way forward," the letter began.

"We continue to believe Weyerhaeuser's existing offer is woefully inadequate. . . .We have said all along that we would listen to serious offers. We believe that Willamette's current value is in the $60s and we are confident that continued pursuit of our strategic plan will substantially increase Willamette's value over time.