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OfficeMax Incorporated Message Board

  • abacus6 abacus6 Dec 5, 1998 9:37 AM Flag

    BCC/BOP Value??

    Does anyone have any idea what the value of BCC
    would be in a merger scenario given they own 80+% of
    BOP(Boise Cascade Office Products)? There is a lot of value
    in BOP that stays locked up due to BCC's position on
    the stock(Volume is really low when you factor out
    some huge trades) .It looks like the parent loses
    money and the spinoff makes money yet the spinoff(BOP)
    isn't traded. If it were the other way around(BOP owned
    BCC) BCC would get peddled.(I bet these guys get
    together and its a real "love in").Anyway,what would you
    value BCC in a IP-UCC type deal?