Louisiana-Pacific to Buy Ainsworth Lumber in $1.1 Bln Deal

Louisiana-Pacific Corp. has agreed to buy Ainsworth Lumber in a deal valued at roughly $1.1 billion. Brookfield Asset Management, which own 54% of Ainsworth, has agreed to vote in favor of the sale. Ainsworth, of Vancouver, British Columbia, makes and markets oriented strand board. Goldman, Sachs & Co. and BMO Capital Markets are providing financial advice to Louisiana-Pacific. RBC Capital Markets advised Ainsworth.

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