BOISE, Idaho, Nov. 6 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) announced today that a special meeting of shareholders will be
held on December 9, 2003, to vote on two proposals concerning the previously
announced acquisition of OfficeMax, Inc. (NYSE: OMX).
In the first proposal, shareholders will be asked to approve and adopt the
Agreement and Plan of Merger between Boise; its subsidiary, Challis
Corporation; and OfficeMax, including the authorization of the issuance of
shares of Boise common stock in the merger. The second is a proposal to amend
the 2003 Boise Incentive and Performance Plan to increase the number of shares
of Boise common stock available for issuance under the plan. Approval and
adoption of each proposal requires the affirmative vote of a majority of the
shares of Boise stock voting at the special meeting. The record date to
determine shareholders eligible to vote at the meeting is November 3, 2003.
Boise also announced that the Securities and Exchange Commission on
November 5 declared effective the registration statement on Form S-4
containing the joint proxy statement that will be mailed to Boise shareholders
in connection with the December 9 special meeting.
The special meeting of Boise shareholders will be held at 8 a.m., MST, in
Boise, Idaho. If shareholders of both Boise and OfficeMax approve the
transaction, Boise and OfficeMax expect to close the transaction after the
vote on December 9.
Boise delivers office, building, and paper solutions that help our
customers to manage productive offices and construct well-built homes -- two
of the most important activities in our society. Boise's 24,000 employees
help people work more efficiently, build more effectively, and create new ways
to meet business challenges. Boise also provides constructive solutions for
environmental conservation by managing natural resources for the benefit of
future generations. Boise had sales of $7.4 billion in 2002.
Additional Information About This Transaction
The registration statement containing the joint proxy statement/prospectus
was declared effective by the Securities and Exchange Commission (SEC) on
November 5, 2003. Boise and OfficeMax will mail the definitive joint proxy
statement/prospectus and other documents regarding this transaction to their
respective security holders beginning November 7, 2003. These documents
contain important information about this transaction, and we urge you to read
them carefully as they become available.
You may obtain copies of all documents filed with the SEC regarding this
transaction, free of charge, at the SEC's website ( http://www.sec.gov ). You may
also obtain documents filed with the SEC by Boise, free of charge, from Boise
on the Internet at http://www.bc.com under the "Investor Relations" section, or by
contacting Boise's Corporate Communications Department by mail at 1111 West
Jefferson Street, P.O. Box 50, Boise, Idaho 83728, by phone at (208) 384-7990,
or by e-mail to investor@bc.com.
Participants in This Transaction
Boise and OfficeMax and their respective directors and executive officers
may be deemed participants in the solicitation of proxies from security
holders in connection with this transaction. Information about the directors
and executive officers of Boise and OfficeMax and information about other
persons who may be deemed participants in this transaction are included in the
joint proxy statement/prospectus. You can find additional information about
Boise's executive officers and directors in Boise's proxy statement (DEF14A)
filed with the SEC on March 10, 2003. You can find additional information
about OfficeMax's officers and directors in OfficeMax's proxy statement
(DEF14A) filed with the SEC on May 1, 2003. You can obtain free copies of
these documents from the SEC or, with respect to documents filed with the SEC
by Boise, from Boise using the contact information above.
Forward-Looking Statements
The statement within this news release regarding the expected time of the
closing of the transaction is a "forward-looking statement" within the meaning
of the Private Securities Litigation Reform Act of 1995. This forward-looking
statement speaks only as of the date of this press release. This
forward-looking statement is based on the current expectations and beliefs of
Boise's and OfficeMax's management and is subject to a number of uncertainties
and assumptions that could cause the expected closing date to differ or could
cause the closing not to occur at all.
SOURCE Boise Cascade Corporation
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Related links:
http://www.bc.com
CONTACT:
media, Ralph Poore, +1-208-384-7294, or home
+1-208-331-2023, or investors, Vincent Hannity, +1-208-384-6390,
or cell +1-208-890-6385, both of Boise Cascade Corporation
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