The US DoJ announces a proposed $4.95 million settlement for alleged “gun-jumping” while the parties’ proposed transaction is under antitrust review (Flakeboard America / SierraPine)

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US DoJ, Flakeboard America / SierraPine, Press Release, 7 November 2014

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On November 7, 2014, the Antitrust Division of the U.S. Department of Justice (“DOJ”) announced a proposed $4.95 million settlement with Flakeboard America Limited, its parent companies Celulosa Arauco y Constitución S.A. and Inversiones Angelini y Compañía Limitada (collectively, “ Flakeboard”), and SierraPine Limited (“ SierraPine”) for alleged “gun-jumping” while the parties’ proposed transaction was under antitrust review. In January 2014, Flakeboard announced a proposed acquisition of three SierraPine mills. In its complaint, the DOJ alleged that

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Courtney Dyer, Julia Schiller, Courtney C. Byrd, Ted Hassi, The US DoJ announces a proposed $4.95 million settlement for alleged “gun-jumping” while the parties’ proposed transaction is under antitrust review (Flakeboard America / SierraPine), 7 November 2014, e-Competitions November 2014, Art. N° 73788

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