Notes Clerical Errors by Transfer Agent, Wells Fargo Shareowner Services
Trading in Boise Cascade Corporation Stock Temporarily Halted
BOISE, Idaho, Dec. 8 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) has announced that due to a clerical error by the exchange agent,
Wells Fargo Shareowner Services, its previously issued press release this
morning regarding merger consideration elections by OfficeMax, Inc.
(NYSE: OMX) shareholders was incorrect. A recount of the elections is
underway and will be announced as soon as it is complete.
In the meantime, the company has asked the New York Stock Exchange to
continue the trading halt in Boise Cascade Corporation shares. OfficeMax has
made a similar request with respect to its shares.
Boise and OfficeMax expect to close their merger transaction on schedule
on December 9, 2003.
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/.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These statements include those that refer to our expectations about
this transaction, including those statements that refer to the expected
benefits of the transaction to our shareholders, the anticipated synergy
benefits, and the expected impact of this transaction on our financial
results. These forward-looking statements are based on management's current
expectations and beliefs and are subject to a number of risks, uncertainties,
and assumptions that could cause actual results to differ materially from
those we describe in the forward-looking statements. The risks, uncertainties,
and assumptions include the possibility that we will be unable to fully
realize the benefits we anticipate from the acquisition; the possibility that
we will incur costs or difficulties related to the integration of our
businesses greater than we expected; our ability to retain and motivate key
employees of both organizations; the difficulty of keeping expense growth and
integration costs at modest levels while increasing revenues; the challenges
of integration and restructuring associated with the transaction; the
challenges of achieving anticipated synergies; and other risks that are
described from time to time in our Securities and Exchange Commission reports.
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 began mailing the definitive joint
proxy statement/prospectus and other documents regarding this transaction to
their respective security holders on November 7, 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.
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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