Boise Inc. Announces Secondary Offering of 17 Million Shares of Common Stock


    



    
</pre>
<p><location>BOISE</location>, Idaho, <chron>Nov. 11</chron> /CNW/ -- <location>Boise</location> Inc. (NYSE:   BZ) today announced plans for a secondary offering of 17 million shares of common stock.  Pursuant to the offering, all of the shares will be sold by the selling stockholders, <location>Boise</location> Cascade Holdings, L.L.C., and trusts affiliated with <person>Jason Weiss</person>, one of <location>Boise</location> Inc.'s directors.  All proceeds of the offering will go to the selling stockholders.</p>
<p/>
<p><location>Boise</location> Cascade Holdings, L.L.C. has granted the underwriters a 30-day option to purchase up to 2.55 million additional shares.  After the offering, and assuming no exercise of the underwriters' option, <location>Boise</location> Cascade Holdings, L.L.C. is expected to own approximately 25% of <location>Boise</location> Inc.'s shares.</p>
<p/>
<p>Goldman, Sachs & Co. is acting as sole book-running manager in connection with the offering.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
<p/>
<p>Effective registration statements relating to these securities are on file with the U.S. Securities and Exchange Commission.  A copy of the prospectus and preliminary prospectus supplement may be obtained when they are available by contacting the following:</p>
<p/>
<p>Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, facsimile +1-212-902-9316, e-mail <a href="mailto:prospectus-ny@ny.email.gs.com">prospectus-ny@ny.email.gs.com</a>.</p>
<p/>
<p>You may also obtain the prospectus and preliminary prospectus supplement when they are available on the U.S. Securities and Exchange Commission's Web site at <a href="http://www.sec.gov">http://www.sec.gov</a>.</p>
<pre>
    

    About Boise Inc.
    
</pre>
<p>Headquartered in <location>Boise</location>, Idaho, <location>Boise</location> Inc. (NYSE:   BZ) manufactures packaging products and papers including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.</p>
<pre>
    

    Forward-Looking Statements
    
</pre>
<p>All statements contained in this press release that are not historical facts are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  They are not guarantees of future events.  Rather, they are based on current expectations, estimates, beliefs, and assumptions and are subject to uncertainties that are difficult to predict.  As a result, actual events or results may differ materially from the statements made.  Forward-looking statements made in this press release include that the selling stockholders may sell shares of <location>Boise</location> Inc. common stock, the expected number of shares to be sold, that <location>Boise</location> Cascade Holdings, L.L.C. may grant the underwriters an option to purchase additional shares, and that the underwriters may exercise this option to purchase additional shares from <location>Boise</location> Cascade Holdings, L.L.C.  We have based these forward-looking statements upon our assumptions about and assessment of the future, which may or may not prove true.  These statements also involve a number of risks and uncertainties, including but not limited to, whether the selling stockholders can sell the shares of common stock at a price that is acceptable, whether the underwriters are able to sell the shares as described, and whether there is adequate demand to justify the exercise of the underwriters' option to purchase additional shares.  For further information about the risks associated with this transaction and with our business, in general, please refer to our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.</p>
<pre>
    




    

For further information: For further information: Media, Virginia Aulin, +1-208-384-7837, or Investor Relations, Jason Bowman, +1-208-384-7456, both for Boise Inc.

Organization Profile

BOISE INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890