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OfficeMax (OMX) says it will take a $671.1M non-cash gain to extinguish liability related to...

OfficeMax (OMX) says it will take a $671.1M non-cash gain to extinguish liability related to timber notes backed by Lehman Brothers emanating from a 2004 timberlands sales. In Q4, the company expects to make a cash payment of $15M - a total that reps its accelerated tax liability adjusted by alternative minimum tax credits.
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