-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Atv8Rfin/30ohXR/FDgCVCDn4cHGFD9VUGuPw0TdNvgNkZd09m5mr4NzFctU5ySp 4BHqFInpdb9p5DbH4/TMwA== 0000950157-01-500177.txt : 20010531 0000950157-01-500177.hdr.sgml : 20010531 ACCESSION NUMBER: 0000950157-01-500177 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010530 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILLAMETTE INDUSTRIES INC CENTRAL INDEX KEY: 0000107189 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 930312940 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: SEC FILE NUMBER: 001-12545 FILM NUMBER: 1651055 BUSINESS ADDRESS: STREET 1: 1300 SE FIFTH AVE SUITE 3800 STREET 2: P O BOX 22187 CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5032275581 MAIL ADDRESS: STREET 1: 3800 FIRST INTERSTATE TOWER STREET 2: 1300 SW FIFTH AVENUE CITY: PORTLAND STATE: OR ZIP: 97201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 BUSINESS PHONE: 2539242345 MAIL ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 DFAN14A 1 dfan14a.txt SCHEDULE 14A SCHEDULE 14A SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant [ ] Filed by a Party other than the Registrant [X] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to Section 240.14a-12 WILLAMETTE INDUSTRIES, INC. ----------------------- (Name of Registrant as Specified in its Charter) ----------------------- WEYERHAEUSER COMPANY (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transactions: (5) Total fee paid: - ---------- [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: TO ALL WILLAMETTE SHAREHOLDERS: WILLAMETTE IS "NOT FOR SALE" HOW MUCH WILL WILLAMETTE'S DECISION COST YOU? Since Weyerhaeuser's first offer for Willamette in August 1998, the board and management of Willamette have been unwilling to negotiate a transaction that would provide a premium to Willamette shareholders. Although Weyerhaeuser is willing to increase its offer above its current price, we believe that the Willamette directors have made it crystal clear that the company they have been entrusted to manage for you is not for sale at any price. WE BELIEVE WILLAMETTE'S EXISTING DIRECTORS HAVE NO INTENTION TO SELL AT ANY PRICE While the Willamette board claims that it takes its fiduciary duty very seriously, we believe the facts speak for themselves--"Willamette is not for sale."
"Well, let me put something straight "[I]f you're not for sale, it's not a "We've made it abundantly clear that from the very beginning. Willamette's matter for negotiation." we are not for sale...." not for sale." THE BUSINESS JOURNAL OF PORTLAND, 3.23.01, WILLAMETTE PRESS RELEASE, 12.26.00 CNNfn, 5.18.01, Duane McDougall, McDougall president and CEO of Willamette "Well let me reemphasize something "Willamette has consistently said that "Why would you negotiate for Amanda. We're not for sale, so we're we are not for sale." something you don't intend to sell?" not talking about price." CNBC, 5.18.01, McDougall THE BUSINESS JOURNAL OF PORTLAND, 3.9.01, CNNfn, 12.15.00, McDougall Cathy Dunn, vice president "Well, once again, let me reemphasize, corporate communications of Willamette The board's "position remains clear we are not trying to sell the and unanimous--Willamette is not company." "Our board has said Willamette is not for sale." CNBC, 5.18.01, McDougall for sale." THE WALL STREET JOURNAL*, 12.13.00, THE SEATTLE POST-INTELLIGENCER, 2.2.01, McDougall "We're not a willing seller...." McDougall CNBC, 4.24.01, McDougall "Willamette is not for sale." "As we've said all along, we are not THE NEWS TRIBUNE, 11.30.00, "We aren't for sale and have not for sale." McDougall gone out looking for other THE OREGONIAN, 1.6.01, McDougall bidders." "...Willamette is not for sale...." OFFICIAL BOARD MARKETS, 3.31.01 "Weyerhaeuser's announcement and THE WALL STREET JOURNAL*, 11.29.00, McDougall extension of their hostile offer does Willamette spokesman on behalf of not change anything. As we've said all the board of directors along, we are not for sale." WILLAMETTE PRESS RELEASE, 1.5.01, "This is not an auction or bidding McDougall process. The company is not for sale."** REUTERS, 11.15.00, McDougall
ASK YOURSELF: WHAT WOULD MY SHARES BE WORTH IF WEYERHAEUSER WENT AWAY? We believe that by failing to pursue Weyerhaeuser's all-cash premium offer, Willamette is jeopardizing the value of your investment. Even Willamette's CEO expects "dislocation" in the price of your shares if Weyerhaeuser goes away. VOTE GOLD NOW TO TAKE CONTROL OF YOUR INVESTMENT We believe that you deserve a board of directors that will act to protect your interests. You can make your voice heard in a manner that cannot be ignored by your board of directors by electing the Weyerhaeuser nominees at Willamette's June 7th Annual Meeting. If our slate is elected at the June 7th meeting and Willamette continues to refuse to negotiate, Weyerhaeuser intends to nominate a slate of directors for election at Willamette's 2002 Annual Meeting. HOWEVER, IF THE WEYERHAEUSER NOMINEES ARE NOT ELECTED ON JUNE 7TH, WE WILL WITHDRAW OUR OFFER, SINCE IT WILL TAKE AT LEAST TWO MORE YEARS, UNTIL THE 2003 ANNUAL MEETING, TO EFFECT A TRANSACTION NOT APPROVED BY THE CURRENT WILLAMETTE BOARD. [Weyerhaeuser Company logo] To support the Weyerhaeuser nominees, ignore the green proxy card. You must use the GOLD card to vote for the Weyerhaeuser nominees. If you have any questions or require any assistance in executing or delivering your proxy, please call our proxy solicitor, INNISFREE M&A INCORPORATED, at 1-877-750-5838 (toll-free). Company Holdings, Inc. ("CHI"), a wholly owned subsidiary of Weyerhaeuser Company, has commenced a tender offer for all the outstanding shares of common stock of Willamette Industries, Inc. at $50.00 per share, net to the seller in cash, without interest. The offer currently is scheduled to expire at 12:00 midnight, New York City time, on Thursday, June 7, 2001. CHI may extend the offer. If the offer is extended, CHI will notify the depositary for the offer and issue a press release announcing the extension on or before 9:00 a.m. New York City time on the first business day following the date the offer was scheduled to expire. * THE WALL STREET JOURNAL IS A TRADEMARK OF DOW JONES L.P. **PERMISSION TO USE QUOTATIONS NEITHER SOUGHT NOR OBTAINED May 30, 2001
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