Disclosure Insight Maintains Medium Risk – Negative Bias on OfficeMax

D.I. Reports keeps its Medium Risk – Negative Bias on OfficeMax Incorporated OMX based on one-time items and executive turnover. D.I. comments, “Over the last 5 years, OI recorded $524 million in restructuring and impairment charges. OI reported 5 acquisitions and one remaining interest acquisition. Although terms were not disclosed for all acquisitions, the largest was Brazilian glassmaker Companhia Industrial de Vidros in Sep-10 for $603 million, of which $343 million was allocated to goodwill. Albert Stroucken has served as Chairman & CEO since Nov-06.” OMX traded at $5.10 per share at close of trading on Tuesday, up 1.19 percent.