NAPERVILLE, Ill. (AP) -- Office supply retailer 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 percent of the voting equity securities of Boise Cascade, a maker of plywood and other building materials. Boise Cascade went public in February.
The $72 million was part of $359 million that Boise Cascade distributed to holders of its common units.
OfficeMax, based in Naperville, Ill., said it will record the distribution as a gain in the third quarter. The company is in the process of combining with Office Depot in a $1.2 billion merger.
OfficeMax shares fell 11 cents to $11.39 Wednesday.
- Consumer Discretionary
- Boise Cascade