Markets & Finance

Willamette Agrees to be Acquired by Weyerhaeuser


Willamette (WLL) agrees to be acquired by Weyerhaeuser (WY) for about $6.1 billion, or $55.50 a share. The final price is 50 cents above Weyerhaeuser's offer that was raised in December to $55 from $50 per share, and the deal ends a long hostile takeover battle. Willamette says it has ended talks with Georgia-Pacific Corp. (GP) to buy its building-products unit. (1/21)

SmartForce (SMTF) says it will acquire Centra Software (CTRA) for 0.425 SMTF shares per CTRA share, or about $284 million. (1/17)

Proxim (PROX) says it will merge with Western Multiplex Corp. (WMUX). PROX holders to get 1.8896 WMUX shares per PROX share. (1/17)

Flag Financial (FLAG) plans to go private via a 1-for-6000 reverse split. Holders of less than 1 FLAG post-split share will instead receive $9.10 per pre-split share. (1/16)

Metro-Goldwyn-Mayer (MGM) has reportedly put itself up for sale for about $7 billion, and hired Goldman Sachs to solicit bids, according to the Los Angeles Times. The company would not comment. (1/15)


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