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On November 29, 2000, Weyerhaeuser, in a hostile bid, renewed its efforts to affect a takeover of Williamette Industries. Reuters Reports, "Now industry
experts believe a takeover of Williamette by Weyerhaeuser Co., could help solve the industry's problems by eliminating some of the excess production."Thomas McCoy, President of McCoy Corporation points out that with
this takeover, if successful, six companies will combine to control 2/3 of the corrugated market. He points out that this may not be good news for purchasers of corrugated containers. See the article available at the
4Corrugated.com web site titled - "Corrugated Industry Consolidation - Is it Good for You?"
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