Louisiana-Pacific To Pay $1.1B For Canadian Lumber Co.
Louisiana-Pacific will pay CA$3.76 (US$3.59) per Ainsworth share, a 30 percent premium to the Vancouver company's closing price on the Toronto Stock Exchange on Tuesday. The deal includes the assumption of Ainsworth's debt, Louisiana-Pacific said.
Ainsworth's board of directors have unanimously approved the proposed deal. And private equity funds managed by Brookfield Asset Management Inc., which owns 54...
To view the full article, register now.