LP’s attempted takeover of Ainsworth stalls

VANCOUVER — Following months of trying to satisfy anti-competition bureaus on both sides of the border, Louisiana-Pacific Corporation’s attempted acquisition of Ainsworth Lumber Co. Ltd. has stalled. That, despite approval of the deal by the Supreme Court of British Columbia on October 31, 2013, for LP to buy up all outstanding common shares of Ainsworth.

Although LP and Ainsworth continue to explore possible solutions and alternatives, Ainsworth is considering engaging in litigation with the the Canadian Competition Board and/or its U.S. counterpart, the Department of Justice.