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February 13, 2014
08:01 EDTLPXLouisiana-Pacific, Ainsworth enter timing agreements with regulators
Ainsworth Lumber and Louisiana-Pacific announced that they have entered into timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice pursuant to which Ainsworth and LP have agreed, subject to certain conditions, that they will not consummate LP's acquisition of Ainsworth before March 13 as the CCB and the DOJ continue their reviews. As a consequence of the timing agreements described above, Ainsworth and LP also announced that they have agreed to extend the outside date for completion of the Arrangement from March 4 to April 18.
News For LPX From The Last 14 Days
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December 10, 2014
07:40 EDTLPXBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
December 9, 2014
10:23 EDTLPXOn The Fly: Analyst Downgrade Summary
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06:39 EDTLPXNorbord, Ainsworth merger positive for Weyerhaeuser, says Citigroup
Citigroup views yesterday's merger announcement from Norbord and Ainsworth Lumber as positive for Weyerhaeuser (WY) and the oriented strand board market. Citi expects positive OSB earnings momentum for Weyerhaeuser as prices rebound in 2015-2016. Shares were up 58c yesterday to $36.11. Shares of Louisiana-Pacific (LPX), which attempted to acquire Ainsworth in 2013, rallied $1.33 to $16.83.
06:38 EDTLPXLouisiana-Pacific downgraded to Neutral from Buy at Longbow
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December 8, 2014
12:15 EDTLPXLouisiana-Pacific jumps after Canada's Norbord to buy Ainsworth
Louisiana-Pacific is trading higher today after Canada's Norbord and Ainsworth Lumber announced that they have signed a definitive agreement under which they will merge to create a global wood products company focused on oriented strand board across North America, Europe and Asia. WHAT'S NOTABLE: Louisiana-Pacific was planning to takeover Ainsworth Lumber earlier this year, but backed away from the deal due to increased scrutiny from U.S. and Canadian regulators. PRICE ACTION: Shares of Louisiana-Pacific are up almost 10% to $16.99 in midday trading.
December 5, 2014
12:46 EDTLPXLouisiana-Pacific downgraded at DA Davidson
As previously reported, DA Davidson downgraded Louisiana-Pacific to Neutral from Buy. The firm downgraded shares based on valuation and keeps its $16 price target.
12:43 EDTLPXLouisiana-Pacific downgraded to Neutral from Buy at DA Davidson
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