BOISE, Idaho, Nov. 11 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) today announced the deadline for OfficeMax, Inc. (NYSE: OMX)
shareholders wishing to make an election to receive cash or Boise common stock
in the pending merger between Boise and OfficeMax. OfficeMax shareholders
must deliver to Wells Fargo Shareowner Services, the Exchange Agent, properly
completed Forms of Election, together with their stock certificates or
properly completed notices of guaranteed delivery, by 5 p.m., Eastern Time, on
December 5, 2003, to select the merger consideration they would like to
receive.
The merger consideration is subject to proration, regardless of the form
of consideration the shareholder chooses to receive. Accordingly, most
OfficeMax shareholders will receive consideration that differs, in part, from
the consideration they have elected.
OfficeMax shareholders who do not make a timely election and/or fail to
properly deliver the documentation to Wells Fargo may not select the form for
merger consideration they would like to receive. Non-electing shareholders
may be paid in all cash, all stock, or a combination of cash and stock,
depending on the cash and stock elections made by other shareholders.
Beginning on November 7, 2003, forms of election and letters of
transmittal were mailed to OfficeMax shareholders who held their shares of
record as of November 3, 2003. OfficeMax shareholders, including those that
acquired their OfficeMax shares after November 3, may request copies of these
documents by calling Wells Fargo Shareowner Services toll-free at
1-800-380-1372.
Boise and OfficeMax previously announced that the special shareholder
meetings related to the merger will be held on December 9, 2003. If
shareholders of both companies 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. Visit the Boise
website at http://www.bc.com /.
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. On November 7, 2003, Boise and OfficeMax began mailing the
definitive joint proxy statement/prospectus and other documents regarding this
transaction to their respective security holders of record as of November 3,
2003. These documents contain important information about this transaction,
and we urge you to read them carefully.
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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