SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Event Reported: July 7, 1997
Date of Report: July 17, 1997
Boise Cascade Office Products Corporation
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IRS Employer
State of Incorporation Commission File Number Identification No.
Delaware 1-13662 82-0477390
800 West Bryn Mawr Avenue
Itasca, Illinois 60143
(630) 773 - 5000
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
(a) On July 7, 1997, Boise Cascade Office
Products Corporation ("BOP") acquired 100% of the
shares of Jean-Paul Guisset S.A. ("JPG"), a French
corporation. JPG is a direct marketer of office
products in France. JPG's 1997 sales are expected to
exceed FF800,000,000, or approximately US$140,000,000.
The negotiated purchase price was FF850,000,000
(US$144,000,000) plus a price supplement payable in the
year 2000, if certain earnings and sales growth targets
are reached. No liability has been recorded for the
price supplement as the amount of payment, if any, is
not assured beyond a reasonable doubt. Approximately
FF100,000,000 (US$17,000,000) is available to be
repatriated to BOP out of existing cash in JPG as of
closing. The acquisition was funded by cash flow from
operations and borrowings under BOP's Credit
Agreement, dated June 26, 1997, among BOP and several
banks including Morgan Guaranty Trust Company of New
York and Chase Manhattan Bank, as Agents.
(b) JPG owned and operated a 430,000 square foot
distribution facility located just outside Paris,
France, for direct marketing of office supplies. BOP
intends to continue such use.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
The exhibits to this Report are listed in the
Exhibit Index.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto
duly authorized.
BOISE CASCADE OFFICE PRODUCTS CORPORATION
/s/ Darrell R. Elfeldt
Darrell R. Elfeldt
Vice President and Controller
Date: July 17, 1997
Exhibit Index
Exhibit No. Description Page
2 Share Purchase Agreement, dated July 2,
1997, by and among BOP, Jean-Paul
Guisset, and Mrs. Marie Annick Guisset
99 News Release Issued by BOP on
July 2, 1997