Sierra Pacific Industries (SPI) purchasing Green Diamond mills?

My inside contacts tell me that Red Emmerson is completing the process to purchase the Korbel Sawmill and the Brainard plant from Green Diamond. Not only that, but SPI is also buying multiple saw mills in the state of Washington. Workers will officially be notified of this transaction next Thursday with a WARN ACT notice and explanation of the process moving forward. I have been in discussions and tried to organize some folk to do an Employee Stock Option Plan (ESOP) buyout. That failed. Let us hope this transaction is for real. If not? More jobs lost in Humboldt County. Say it ain't so.