Boise sale finalized
By Jim Cox Co-Publisher

The sale of Boise's paper operations, including the Jackson mill and sheeter plant, was completed last week.

Aldabra 2 Acquisition Corp, formed as a public company to purchase a portion of the larger privately held Boise Cascade, LLC operation, will operate as Boise, Inc. and its stock started trading Monday on the New York Stock Exchange under the symbol BZ.

"Becoming a public company is an exciting new chapter for our company," said Alexander Toeldte, CEO of Boise, Inc. "The fundamentals and outlook for our business and the paper industry remain strong. As an independent company listed on the New York Stock Exchange, we believe we can sharpen our intense focus on customer satisfaction while offering our investors an opportunity to participate in the growth of our business. With a strong foundation in place, we look forward to additional progress in the coming months and years."

The stock opened Monday at $8.50 a share and closed Tuesday at $8.21.

The sale price was $1.625 billion.

A dispute over the tax valuations of the Boise assets has held up education tax payments for more than a year now.

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