Tennessee-based Louisiana-Pacific Corporation (LP) recently abandoned its proposed acquisition of Canadian competitor Ainsworth Lumber Co. Ltd. (Ainsworth). The decision came several days after an announcement by U.S. Department of Justice (DOJ) and an announcement by the Canadian Competition Bureau (Bureau) that they each considered the transaction would likely substantially lessen competition of the sale of oriented strand board (OSB). The Bureau and DOJ collaborated and shared information during the review of the proposed merger.
The Bureau, DOJ and the Federal Trade Commission have long coordinated reviews of cross-border mergers. This … Continue Reading