Boise Shareholders Approve OfficeMax Acquisition
December 09 2003 - 11:19AM
PR Newswire (US)
Boise Shareholders Approve OfficeMax Acquisition BOISE, Idaho, Dec.
9 /PRNewswire-FirstCall/ -- Boise Cascade Corporation announced
that at a special meeting today, with 72.49% of the outstanding
shares represented, Boise shareholders cast 35,234,446, or 76.77%,
of the voted shares in favor of the acquisition of OfficeMax, Inc.
. Voted shares against the acquisition totaled 10,664,172, or
23.23%. The acquisition proposal required a majority of votes cast
in favor to pass. Boise and OfficeMax expect to complete the merger
transaction by the end of business today. In a second proposal
today, Boise shareholders cast 24,414,863, or 53.34%, of the voted
shares in favor of an increase in the number of shares of Boise
common stock available for issuance under Boise's incentive
compensation plan. Voted shares against the proposal totaled
21,355,451, or 46.66%. The proposal required a majority of votes
cast in favor to pass. About Boise Cascade Corporation Boise,
headquartered in Boise, Idaho, is dedicated to providing our
customers with solutions to help them work more efficiently, build
more effectively, and create new ways to meet business challenges.
Boise is a major distributor of office products and building
materials and an integrated manufacturer and distributor of paper,
packaging, and wood products. We own or control more than 2 million
acres of timberland, primarily in the United States, to support our
manufacturing operations. Boise reported sales in 2002 of $7.4
billion. Visit the Boise website at http://www.bc.com/ .
DATASOURCE: Boise Cascade Corporation CONTACT: Media, Ralph Poore,
+1-208-384-7294, home, +1-208-331-2023, or Investors, Vincent
Hannity, +1-208-384-6390, cell, +1-208-890-6385, both of Boise
Cascade Corporation Web site: http://www.bc.com/
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