OfficeMax gets $72 million distribution from stake in Boise Cascade
Naperville, Ill. -- OfficeMax Inc. said Wednesday it received a $72 million cash distribution from Boise Cascade Holdings LLC, in which it has a minority stake.
OfficeMax owns about 20% of the voting equity securities of Boise Cascade, which went public in February. The company manufactures plywood and other building materials.
OfficeMax is in the process of merging with rival Office Depot.