Antitrust Probe Delays $1.1B Louisiana-Pacific Deal

Law360, New York (February 13, 2014, 5:47 PM EST) -- The completion date for Louisiana-Pacific Corp.'s $1.1 billion purchase of private-equity-backed Ainsworth Lumber Co. Ltd. has been pushed back to mid-March, the companies said Thursday, as part of an agreement with U.S. Department of Justice and Canadian antitrust authorities.

By entering into timing agreements with the Canadian Competition Bureau and the DOJ's antitrust division, construction materials company LP has promised to hold off on consummating its acquisition of Ainsworth until March 13.

In a statement issued Thursday, Tennessee-based LP said that the antitrust reviews were ongoing...
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