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Article: OfficeMax Contributes Shares of OfficeMax Common Stock to Its Qualified Pension Plans.
- Article from:
- PR Newswire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Voluntary excess contribution reduces underfunded balance and maintains financial flexibility Company expects contribution to be accretive to earnings in 2010
NAPERVILLE, Ill., Nov. 3 /PRNewswire-FirstCall/ -- OfficeMax Incorporated , a leader in office products and services, today announced that it has completed the voluntary excess contribution of 8,331,722 shares of OfficeMax common stock to its frozen qualified pension plans. The company's intent to make the voluntary contribution was first announced on October 29, 2009.
The net effect of the contribution on earnings per share, including the impact of increased shares outstanding, is expected to be ...