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LP, Ainsworth abandon deal
May 15, 2014
By
Amie Silverwood
May 15, 2014 - Louisiana-Pacific has said it will no longer be buying Ainsworth shares after Canadian regulators said the plan would hurt competition and OSB supplies. L-P shares dropped 4.5% on the news.
According to Businessweek, "Louisiana-Pacific said that trying to get regulatory approval would require 'expensive litigation' and selling off some of its businesses."
Read the full article here.
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