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--> --> Weyerhaeuser extends Willamette offer FEDERAL WAY, Wash. (AP) - Weyerhaeuser Co., still leading a hostile takeover battle for timber rival Willamette Industries, said Thursday it was extending for the seventh time its offer to buy Willamette shares at $50 each. The offer, set to expire Wednesday, will now run until Dec. 5. As of Wednesday, Weyerhaeuser said shareholders had tendered or not withdrawn approximately 51.7 million shares, or about 47 percent of the 109 million shares available. After nearly a year of resisting Weyerhaeuser's bid, Willamette executives last week sent a letter to Weyerhaeuser saying they would be willing to talk about a possible takeover, if Weyerhaeuser would raise its bid. Weyerhaeuser replied with a shorter letter of its own, saying it considered the offer "simply another way for you to just say no." Shares in Weyerhaeuser, based in Federal Way, Wash., were up 24 cents at $49.28 in morning trading on the New York Stock Exchange. Shares in Willamette, based in Portland, were up 67 cents at $46.70, also on the NYSE. Email your... Technical questions & comments to: WebMaster Daily Tidings editorial comments & questions to: Editor Visit our other Oregon Newspapers... | Albany Democrat-Herald | Ashland Daily Tidings | Corvallis Gazette-Times | | Lebanon Express | Newport News-Times | Springfield News | Cottage Grove Sentinel | Ashland Daily Tidings 1661 Siskiyou Blvd. Ashland, OR 97520 Telephone 541-482-3456 © Copyright 2001 Lee Northwest Publishing