OfficeMax (OMX) Ticks Higher on Boise Cascade (BCC) IPO Filing; Has Large Interst in Co.

November 16, 2012 9:32 AM EST
OfficeMax, Inc. (NYSE: OMX) shares are ticking higher following the IPO filing of Boise Cascade (NYSE: BCC).

According to Boise Cascades IPO filing:

In 2004, FPH (Forest Products) acquired the forest products and paper assets of OfficeMax. A portion of the consideration paid to OfficeMax was 109 million shares of BC Holdings' Series B equity units, which represented at September 30, 2012, 20.4% of BC Holdings' equity securities, with the remainder held by FPH. In connection with the Forest Products Acquisition, FPH and/or its subsidiaries (including us) entered into a number of agreements, including an asset purchase agreement, a securityholders agreement and a registration rights agreement with OfficeMax and/or its subsidiaries. Under the asset purchase agreement, OfficeMax indemnifies Boise Cascade for specified pre-closing liabilities, including environmental, asbestos, tax, benefits and other legacy liabilities.

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