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Exhibit A(5)(iii)
[Form of Letter to Shareholders]
December 18, 2000
Dear :
I am writing to you about Weyerhaeuser's unsolicited tender offer. After
reviewing the proposal, our Board of Directors unanimously recommended we
reject the offer, as it is not in the best interest of our shareholders, our
employees or any of our other important constituencies. They are just trying to
buy some of the best assets in the industry for a low price while the price of
stocks of paper companies are depressed.
We expect further moves by Weyerhaeuser to reinforce their position.
Willamette's Board will consider and report to you any new developments when
they occur.
In the meantime, I hope you will feel free to contact me, Duane McDougall or
Greg Hawley if you have any questions or concerns.
I want to thank you for your continued support and I wish all of you a happy and
healthy holiday season.
Best Wishes,
Bill Swindells
P.S. We can be contacted at the corporate headquarters to 503-227-5581.
