Shareholders May Force Willamette To Sell

The estate of Willamette Industries' largest individual shareholder may force the timber company to the bargaining table with hostile suitor Weyerhaeuser Co.

The family of Maurie Dooly Clark, who died May l8 at age 87, wrote to

News Briefs

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Home Depot is facing continuing opposition to a proposed store in Agoura Hills, Ca., as residents gather signatures to cap big box stores at 60,000 sq. ft., and is facing a class action suit from an ex-worker who claims California workers were denied millions of dollars in overtime

Scotty & Sons, Glendale, Ca., is considering relocation due to a proposed l6-acre redevelopment project ...

Anthony Forest Products is now l00%o famlly owned after purchasing a substantial minority ownership from International Paper, ending a 30-year investment and formal arrangement

Fremont Forest Group, Whittier, Ca., has become the exclusive West Coast distributor of Dura Products International's Dtra Deck and Maderas De Aysen's Chillean hardwood, as well as the exclusive sales agent for RCME SA-Eco Lumber Co. of Brazil's pine products and tropical hardwoods...

Universal Forest Products agreed to become the exclusive distributor of Willamette Indu-stries' new WillCraft D3 engineered floor decking for manufactured homes

Precision Composites, Phoenix, Az., has partnered with CertainTeed to promote the use of Royal Wood trimboards and inside corner posts with WeatherBoards fiber cement siding ...

Weather Shield Manufacturing has acquired Peachtree Cos.; the companies will operate as two independent organizations, sharing some administrative and executive functions, while retaining independent brands, sales forces and distribution channels

Prime Industries, Lafayette, Co., received Bostick Findley's Distributor of the Year Award inform Willamette Industries that it needed to sell shares to settle the estate, according to Bloomber g New s.

Homesteader's Lumber & Hardware,Big Lake, Ak., signed up as the l00th customer of the Triad iNet ecommerce service.

The news caused Willamette's stock price to rise 7.67a to $45.85 in anticipation that the stalemate may be at an end. "Basically, this should lead to the conclusion of this saga. It breaks the logjam," said analyst Joshua Zaret.

Coincidentally, a day earlier Bloomberg News quoted Deutsche Banc Alex, Brown analyst Mark Wilde as speculating that the slowing economy would force Weyerhaeuser to abandon the takeover campaign.

Noting unfavorable forecasts for the economy and the industry, Wilde reduced Willamette's rating from "market perform" to "sell," and slashed his share price prediction from $35 to $32.

Weyerhaeuser vowed that it remained "committed to the transaction" and had recently extended its $50-a-share to Oct. 17.

The analyst suggested that Weyerhaeuser could instead pursue segments of Georgia-Pacific, which appears open to offers. G-P desperately hopes to trim its debt after last year acquiring tissue maker Fort James in an effort to transform itself into a consumer-products company.

25th ANNIVERSARY party Jor Las Plumas Lumber & Truss Co., LLC drew a large number of the company's 250 employees Sept. 15 to Riverside, Ca. (1) [Front row, left to right] Pat Payton, Chuck Gramlich, Bob Kircher, Michael Miller, Les Haugen, John Uhlman; [back row] Shawn Kelley, Wesley Holland, Joe McCanon,

LAPD Copter Lands at Depot

A Los Angeles police helicopter made an emergency landing in the parking lot of a new South L.A. Home Depot.

"The engine sensor light came on, indicating possible engine problems," said Sgt. Mo Batts. "Helicopters don't glide, so under the mandated procedure the copter had to land to investigate any mechanical trouble."

Mechanics were flown in from nearby Van Nuys Airport, and worked on the helicopter until it was safe enough to return to its normal base.

The July 2'7 incident occurred the day after the store's grand opening.

Old Lumber Rail Line Closes

Northwestern Pacific Railway shut down a Northern California line that once serviced sawmills in the region.

The Napa Valley to Petaluma line, restored this past February, once provided service to sawmills from Arcata and Eureka to Ukiah and Cloverdale, Ca. Despite a recent state tax infusion of $60 million, the long troubled railroad has been unable to remain solvent. Railway officials have no timetable for restorins service.

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