Waiting period for Louisiana-Pacific deal extended
US regulators ask for more info related to planned Louisiana-Pacific acquisition of Ainsworth
NEW YORK (AP) -- Ainsworth Lumber Co. Ltd. Said Thursday that it and Louisiana-Pacific Corp. both received requests for additional information from U.S. antitrust regulators related to Louisiana-Pacific's pending acquisition of Ainsworth.
The U.S. Department of Justice's request extends the deal's antitrust waiting period until 30 days after Ainsworth and Louisiana-Pacific have complied with the request, unless it's extended by the companies or ended earlier by the Department of Justice.
Building-products maker Louisiana-Pacific, based in Nashville, Tenn., said in September that it would buy Canada-based Ainsworth for about $1.1 billion including the assumption of debt. The deal, which still needs U.S. and Canadian regulatory approvals, is expected to close in the first quarter of 2014.
Louisiana-Pacific's stock rose a penny to $15.90 in morning trading,
