Willamette Shows Some Interest

"To offer a path forward, if you make a written offer in the high $50s, we will agree to sit down for discussions regarding a possible combination of our two companies."

After further extolling the synergistic values to be had by Weyerhaeuser, the letter concluded with a deadline of 5 p.m. Tuesday, October 16, for Willamette to receive a written offer from Weyerhaeuser. Otherwise, Swindells and McDougall wrote, "We would urge Weyerhaeuser to withdraw its inadequate offer and cease the hostility attack on Willamette."