Willamette Shows Some Interest

According to Weyerhaeuser, roughly 51.7 million, about 47 percent, of the 110 million outstanding Willamette shares were tendered in favor of the $5.5 billion deal. Some analysts believe the 47 percent figure is somewhat disappointing from the suitor's viewpoint.

"I'm a little surprised. It's marginally below where it should be," Don Roberts, an analyst for CIBC World Markets, told Reuters of the tender percent. "The short-term implication is it's taken some of the pressure off the Willamette board to negotiate."