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Canada/US: Lumber merger review gets extensions

 |  November 22, 2013

The US Department of Justice has reportedly issued a second request in its review of the buyout of Canada-based Ainsworth Lumber Co. by Louisiana-Pacific Corp., according to Ainsworth.

The deal, made for $878 million, is under review by both US and Canada regulators. Reports say the parties cited October’s US government shutdown as the reason for the delay.

Canadian regulators similar extended their review last October.

The parties originally planned to close their deal before the end of the year, though report say due to the extended review the deal will now more likely close in the first quarter of 2014.

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