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WILLAMETTE INDUSTRIES FILES WITH SEC FOR STOCK OFFERING

       WILLAMETTE INDUSTRIES FILES WITH SEC FOR STOCK OFFERING
    PORTLAND, Ore., March 10 /PRNewswire/ -- Willamette Industries, Inc. (NASDAQ: WMTT) today filed a registration statement with the Securities and Exchange Commission for a proposed primary offering of 1,750,000 shares of its common stock, $.50 par value.  The net proceeds from the offering will be used to support future expansion of the company's production facilities.  Goldman, Sachs & Co. and Dillon, Read & Co. Inc. are acting as co-managers of the offering.  Willamette has granted the underwriters an option to sell an additional 262,500 shares to cover over-allotments, if any.
    Separately, Willamette announced management's intention to recommend to the board of directors at its meeting scheduled for April 21, 1992, that the company effect a two-for-one split of the common stock by paying a dividend of one share of common stock for each share of common stock outstanding.
    Willamette is an integrated forest products company with 82 manufacturing facilities nationwide.
    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
    -0-         3/10/92
    /CONTACT:  J. A. Parsons, executive vice president and CFO of Willamette Industries, 503-227-5581/
    (WMTT) CO:  Willamette Industries Inc. ST:  Oregon IN: SU:  OFR SH -- NY021 -- 6746 03/10/92 09:25 EST
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Publication:PR Newswire
Date:Mar 10, 1992
Words:291
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