Paper War Rages On

Two paper giants from the Northwest have been sparring. One wants to take over the other. Now shareholders have weighed in.

by ERIK CAGLE

The high-octane, acrimonious hostile takeover attempt of paper giant Willamette by fellow industry leader Weyerhaeuser appears far from over.

Battle lines were drawn June 7, when Willamette shareholders appeared to have voted Weyerhaeuser's three candidates onto Willamette's nine-member board of directors. Official results weren't expected for a few weeks, as of press time.