Filing pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-12 under the Securities Exchange Act of 1934 |
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Filer: Boise Cascade Corporation |
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Subject Company: OfficeMax, Inc. |
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Filing: Registration Statement on Form S-4 (Registration No. 333-107588) |
Dear Boise Colleagues:
By now, you have probably read news stories that Institutional Shareholder Services (ISS), a consulting organization that provides advice to its institutional investor clients, recommended on November 26 that clients who hold Boise shares vote against the acquisition of OfficeMax.
I am writing to tell you that we strongly disagree with the conclusions reached by ISS and continue to believe that our proposed acquisition of OfficeMax is in the best interest of Boise's shareholders.
We have reviewed closely the analysis by ISS and believe that it contains a number of factual misunderstandings and flaws in logic. Curiously enough, ISS itself on November 20 recommended that clients who hold OfficeMax shares vote in favor of the pending acquisition offer from Boise.
We are communicating proactively with our shareholders to present our view of the ISS recommendation and the merits of this transaction with OfficeMax. Because we also want you to have this information, we have posted our correspondence on our Internet site on the Investor Relations page at http://investor.bc.com/downloads/ISS_Response.pdf and on the homepage of BoiseNet. Our