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March 31, 2005
Office Max to Buy Back Shares
Office Max is trying to prop up its stock price after accounting irregularities.
Itasca-based Office-Max says it's begun a tender offer to buy as many as 23-point-five (M) million common shares for up to 799 (M) million dollars.
The purchase represents about 25 percent of the outstanding stock in Office-Max -- North America's third-largest office-products company.
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Posted on March 31, 2005 03:36 PM by Office30.
Filed in Office Max! under office max corporate.
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