Weyerhaeuser Co., one of the world's largest integrated forest products companies, extended its US$50 per share cash tender offer for all of the outstanding common stock of Willamette Industries, Inc., which expired midnight, EST, on September 14, 2001.

Company Holdings, Inc. (CHI), a wholly owned subsidiary of Weyerhaeuser Co., initiated the tender offer for all of Willamette's outstanding shares of common stock at US$50 per share, net to the seller in cash, without interest. While the offer expired at 12:00 midnight, EST, on September 14, 2001, CHI may extend it.