Weyerhaeuser Co. claimed a tentative victory in its bitter battle for representation on smaller rival Willamette Industries Inc.'s board, a move that could pave the way for the forestry products company to emerge triumphant in its $5.5-billion hostile takeover bid for Willamette.
Willamette, however, said the results of the proxy vote likely would not be known for two weeks or more, calling the contest for the three board seats "too close to call." Companies typically bring in an independent firm to help count and recount votes in close polls, which delays the outcome.
