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BUSINESS NEWS.(TO THE POINT)
WOOD PRODUCTS
Weyerhaeuser wins rival's seats
A preliminary vote count showed three candidates from Weyerhaeuser narrowly won seats on Willamette Industries' board, ousting Willamette CEO Duane McDougall. Willamette still controls a majority of the nine-member board and vowed to remain independent. But Weyerhaeuser won most of the votes by non-insiders. The vote is a key step in Weyerhaeuser's $5.5 billion, $50-a-share hostile bid.
MARKETS
Nasdaq resets 46 Friday prices
The exchange recalculated closing prices for stocks such as Microsoft and Dell Computer to correct errant figures in the wake of Friday's chaotic, extended session. The Nasdaq extended trading by an hour to 5 p.m. Eastern time after a WorldCom employee accidentally disrupted trading. Mutual funds and other big institutions were rushing to buy strong stocks at the quarter's end, a practice known as window-dressing. The small-cap Russell 2000 also was reshuffled. Because of the confusion, Friday's prices for many mutual funds weren't available.
NASD board OK's proposed rule
- Rate of Return at Willamette Industries Pleases Wall Street.(Originated from...
- Newspaper article from: Knight Ridder/Tribune Business News Bernton, Hal June 25, 1997 700+ words
PORTLAND, Ore.--Jun. 25--Willamette Industries Chief Executive Steve Rogel grew up...and his company remain a favorite of Wall Street, generating an average annual rate...direct compensation, according to a Wall Street Journal survey that ranked his pay...
- Analyst Knocks Down Rating for Willamette Industries Stock.
- Newspaper article from: Knight Ridder/Tribune Business News September 28, 2001 700+ words
...Oregonian, Portland, Ore. Knight Ridder/Tribune Business News Sep. 28--An influential Wall Street analyst downgraded Willamette Industries stock Thursday, speculating that rival Weyerhaeuser will withdraw its hostile takeover in light...
- WILLAMETTE INDUSTRIES COMMENTS ON FIRST-QUARTER EARNINGS RUMORS
- Press release article from: PR Newswire April 1, 1992 700+ words
WILLAMETTE INDUSTRIES COMMENTS ON FIRST...Officials of Willamette Industries Inc. (NASDAQ...comfortable" with Wall Street analysts' estimates...A. Parsons of Willamette Industries, 503-227-5581...
- Willamette Industries Weighs Buyout; Georgia-Pacific Deal Remains Possible.
- Newspaper article from: Knight Ridder/Tribune Business News December 19, 2001 700+ words
...Constitution Knight Ridder/Tribune Business News Dec. 19--Willamette Industries said it is mulling a sweetened takeover bid from Weyerhaeuser...that formal negotiations with Willamette had not begun. Wall Street has generally panned Willamette's interest in Georgia...
- Weyerhaeuser Will Acquire Portland, Ore.-Based Willamette Industries.
- Newspaper article from: The Oregonian (Portland, Oregon) (via Knight-Ridder/Tribune Business News) January 22, 2002 700+ words
...Rivera Jan. 22--Portland-based Willamette Industries said Monday it would give in to a hostile...Willamette said. Despite exhortations from Wall Street analysts and aggressive investors to...confirming the suspicions of many on Wall Street. Mark Wilde, a veteran forest products...
- New York Money-Management Firm Threatens Willamette Industries.
- Newspaper article from: Knight Ridder/Tribune Business News December 18, 2001 700+ words
...management firm threatened to raid the board of Portland-based Willamette Industries if the company continues its steadfast defense against...Portland. "Willamette has faced a lot of criticism from Wall Street in the last year -- this is just another voice," Chercover...
- Weyerhaeuser Finally Makes Deal for Portland, Ore.-Based Willamette Industries.
- Newspaper article from: Knight Ridder/Tribune Business News January 22, 2002 700+ words
...Wash. Knight Ridder/Tribune Business News Jan. 22--Willamette Industries of Portland ended its 14-month battle for independence...Willamette board's decision. "It's no secret that Wall Street has been unhappy with us for some time. They were determined...
- WILLAMETTE INDUSTRIES REPORTS THIRD QUARTER EARNINGS
- Press release article from: PR Newswire October 11, 1995 700+ words
...Oct. 11 /PRNewswire/ -- Willamette Industries' (Nasdaq: WMTT) third quarter...a record year for Willamette. Willamette Industries is an integrated forest products...2 million acres of timberland. WILLAMETTE INDUSTRIES, INC. FINANCIAL HIGHLIGHTS 1995...