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Canada/US: Authorities united in striking down lumber merger

 |  May 8, 2014

US and Canadian regulators have reportedly both blocked merger plans for Louisiana-Pacific Corp and Ainsworth Lumber Co., an $877 million deal that Louisiana-Pacific said will require further concessions to earn approval.

Reports say either one or both companies may be forced to sell assets; Canada-based Ainsworth confirmed the two are exploring options for their next move.

Louisiana-Pacific is looking to acquire the plywood substitute maker in efforts to increase its presence in Asia, where Ainsworth does business.

Full content: Bloomberg

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