Exhibit 99.1
THE FOLLOWING IS THE TEXT OF A PRESS RELEASE DATED NOVEMBER 6, 2003, ISSUED BY
OFFICEMAX, INC.
[OFFICEMAX, INC. LOGO] Headquarters: 3605 Warrensville Center Rd., Shaker Heights, OH 44122-5200
Mailing Address: P.O. Box 228070, Cleveland, OH 44122-8070
NEWS RELEASE FOR IMMEDIATE RELEASE
For media inquiries: For investor inquiries:
Steve Baisden Michael Weisbarth
Manager, Investor SVP, Treasurer
& Public Relations (216) 471-6698
(216) 471-3441
investor@officemax.com
OFFICEMAX SETS DEC. 9 FOR SPECIAL MEETING OF SHAREHOLDERS TO VOTE ON MERGER
PROPOSAL WITH BOISE CASCADE CORPORATION
CLEVELAND - Nov. 6, 2003 - OfficeMax, Inc. (NYSE: OMX) announced today that a
special meeting of its shareholders will be held on Dec. 9, 2003, at 10 a.m.
ET, to vote on a proposal concerning the previously announced merger with
Boise Cascade Corporation (NYSE: BCC).
Shareholders will be asked to approve and adopt the Agreement and Plan of
Merger among OfficeMax, Boise, and a new Boise subsidiary established for
purposes of this transaction, Challis Corporation. Approval and adoption of
the proposal requires an affirmative vote of a majority of the outstanding
shares of OfficeMax common stock. The record date to determine shareholders
eligible to vote at this meeting is Nov. 3, 2003.
OfficeMax also announced that the Securities and Exchange Commission has
declared effective the registration statement on Form S-4 containing the joint
proxy statement that will be mailed to OfficeMax shareholders in connection
with its Dec. 9 special meeting.
The special meeting of OfficeMax shareholders will be held at the Company's
headquarters in Shaker Heights, Ohio. If shareholders of both OfficeMax and
Boise approve the transaction, then the companies expect to close the
transaction after the vote on Dec. 9.
ABOUT OFFICEMAX
OfficeMax serves its customers through nearly 1,000 superstores, e-commerce
Web sites and direct-mail catalogs. The Company has operations in the United
States, Canada, Puerto Rico, the U.S. Virgin Islands and Mexico. In addition
to offering office products, business machines and related items, OfficeMax
superstores feature CopyMax and FurnitureMax, store-within-a-store modules
devoted exclusively to "print-for-pay" services and office furniture. The
Company also reaches customers in the United States with an offering of over
40,000 items through its award winning e-commerce site, OfficeMax.com, its
direct-mail catalogs and its outside sales force, all of which are serviced by
its three PowerMax distribution facilities, 17 delivery centers and two
national customer call and contact centers.
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 Nov. 5,
2003. OfficeMax and Boise will mail the definitive joint proxy
statement/prospectus and other documents regarding this transaction to their
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OFFICEMAX, INC.
SPECIAL SHAREHOLDERS MEETING
NOV. 6, 2003
respective security holders beginning Nov. 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 (www.sec.gov). You may also
obtain copies of all documents filed by OfficeMax with the SEC, free of
charge, from OfficeMax on the Internet at www.officemax.com under the
"Investor Relations" section, or by contacting OfficeMax's Investor Relations
Department by mail at 3605 Warrensville Center Road, Shaker Heights, Ohio
44122, by phone at (216) 471-6697, or by e-mail to investor@officemax.com.
PARTICIPANTS IN THIS TRANSACTION
OfficeMax and Boise 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 OfficeMax and Boise 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
OfficeMax's officers and directors in OfficeMax's proxy statement (DEF14A)
filed with the SEC on May 1, 2003. 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 obtain free copies of these
documents from the SEC or, with respect to documents filed by OfficeMax with
the SEC, from OfficeMax 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.
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