Louisiana-Pacific Corp. (LPX) Monday said it plans to publicly offer 18 million shares of its common stock. In addition, LP intends to grant the underwriter a 30-day option to purchase up to 2.70 million additional shares. The Company intends to use the net proceeds from the offering to reduce debt by retiring up to 35% of its senior secured notes due 2017 and for general corporate purposes.
Louisiana-Pacific Corp., is a manufacturer of quality engineered wood building materials.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.