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2 THE UNIVERSITY DAILY KANSAN
NEWS BRIEFS
WEDNESDAY, JULY 28, 2004
LAWRENCE
New business opens in North Lawrence gearing for students
Junque, 624 1/2 N. 2nd St., which sells a variety of products including photography, furniture, antiques, cards and collectibles, had its grand opening Saturday.
Timothy Knapp, owner, said he was marketing his business toward students.
"I sell things pretty much close to what I get for them and I specialize in filling a room," he said.
Knapp thinks North Lawrence should be a student strip with cool art shops and items students can afford, he said.
For store hours and more information on Junque go to www.junqueonthenet. com.
— Marc Ingber
University of Kansas student seeks treatment after dog bite
A 20-year-old female student was treated at Lawrence Memorial Hospital July 17 after a dog bit the left cheek on her face, according to a police report.
The student was visiting friends when she bent down to pet their pit bull terrier.
Amanda O'Toole
NATION
Owners of OfficeMax should complete sale later this year
BOISE, Idaho — Boise Cascade plans to sell its paper, forest products and timberland assets to a private investment group for about $3.2 billion so it can focus on worldwide distribution of office products.
Return to sender
The Idaho-based company said Monday that the cash sale to a new company formed by Madison Dearborn Partners LLC, a Chicago investment firm, should be completed by November.
OfficeMax is the third largest U.S. office products retailer, behind Office Depot and Staples.
The spin-off and name change mark the completion of the review of the company's future launched with the OfficeMax purchase, Boise Cascade
Chris Combs, Stillwell senior, returns the volleyball over the net to score a point for his team. Combs and five of his friends played last week on the sand volleyball courts at Robinson Center. They spent an hour and a half in the near 100-degree heat. "It's a good way to get first-degree burns on my feet," Combs said.
The new company will be privately held and named Boise Cascade LLC. It will be based in Boise and will keep most of the employees who worked for the old company.
Meanwhile, the company selling the assets will change its name to OfficeMax, the name of the office products seller it bought late last year for $1.2 billion in cash and stock. It will be based in Itasca, Ill., outside Chicago, where Boise Cascade's own office products division had been and the OfficeMax headquarters was shifted.
Courtney Kuhlen/Kansan
Boise said it will realize about $3.1 billion to $3.2 billion in cash proceeds from the deal, after a $175 million reinvestment in Boise Cascade LLC and spending between $250 million and $300 million in outstanding debt to reduce debt in the new OfficeMax.
chairman George Harad said Monday.
The deal must still be approved by regulators.
Boise Cascade stock closed down six cents at $32.99 a share on the New York Stock Exchange.
WORLD
Afghanistan president names new running mate for election
KABUL, Afghanistan President
Hamid Karzai dropped a powerful warlord to add the brother of a slain Afghan hero to his electoral ticket Monday. The surprise move followed political wrangling so intense that NATO peacekeepers stepped up their presence in the streets of Kabul.
The U.S.-backed interim leader selected a little-known brother of resistance hero Ahmad Shah Massood as his chief running mate, a move sure to test this volatile nation's fragile ethnic and factional balance.
"I hope the Afghan people will recognize us as a good team and I hope the people of Afghanistan will vote for us," Karzai told reporters summoned to a shady courtyard of the presidential palace.
The Associated Press
TALK TO US
NEWS
Donovan Atkinson editor 864-4854, datkinson@kansan.com
Matt Rodriguez
campus editor
864-4810, mrdriguez@kansan.com
Courtney Kuhlen
photo editor
864-4821, ckuhlen@kansan.com
Collin LaJoie
copy chief
884-4924, clajoe@kansan.com
Amber Wiens
design editor
864-4924, awiens@kansan.com
Jon Ralston
designer
884-4924, jralston@kansan.com
ADVERTISING
Ryan Bauer business manager 864-4014, adsales@kansan.com
Scott Kvasnik
sales manager
884-4358, adsales@kansan.com
ADVISERS
Malcolm Gibson general manager and news adviser 864-7667, mgibson@kansan.com
Matt Fisher sales and marketing adviser 864-7666, mfisher@kansan.com
ET CETERA
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