Boise Inc. Regains Full Compliance With NYSE Listing Standards
06 Octobre 2009 - 1:29AM
PR Newswire (US)
BOISE, Idaho, Oct. 5 /PRNewswire-FirstCall/ -- Boise Inc.
(NYSE:BZ), a leading manufacturer of packaging products and papers,
announced today that it received notice from the New York Stock
Exchange (NYSE) that the company has regained compliance with the
NYSE's quantitative continued listing standards. As of October 2,
Boise Inc.'s common stock closed at $5.15 per share, with a market
capitalization of $435 million. The notice stated that the decision
came as a result of Boise Inc.'s consistent, positive performance
with respect to the original business plan submission, the previous
cure of its share price noncompliance on May 31, 2009, and the
achievement of compliance with the NYSE's minimum market
capitalization requirement over the past two quarterly review
periods. "We believe this notice is a reflection of our solid
operating and financial performance through a challenging economic
environment," said Alexander Toeldte, President and Chief Executive
Officer of Boise Inc. "We continue to look for ways to improve our
performance and increase shareholder value." Boise Inc. received a
letter of noncompliance from the NYSE in November 2008, notifying
the company that it had fallen below both the minimum share price
and market capitalization requirements for continued listing on the
NYSE. About Boise Inc. Headquartered in Boise, Idaho, Boise 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. Our
entire team of approximately 4,100 employees is committed to
delivering excellent value while managing our businesses to sustain
environmental resources for future generations. Visit our website
at http://www.boiseinc.com/. Forward-Looking Statements This
release may contain "forward-looking statements" within the meaning
of the federal securities laws. Forward-looking statements are not
guarantees of future performance, and they involve risks and
uncertainties that may cause our actual results to differ
materially from the forward-looking statements expressed here. For
more information about those risks and uncertainties, please review
our filings with the Securities and Exchange Commission.
DATASOURCE: Boise Inc. CONTACT: Media, Virginia Aulin,
+1-208-384-7837, or Investor Relations, Jason Bowman,
+1-208-384-7456, both of Boise Inc. Web Site:
http://www.boiseinc.com/
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