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

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 while the

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Authors

  • O’Melveny & Myers (Washington DC)
  • O’Melveny & Myers (Washington DC)
  • O’Melveny & Myers (Washington DC)
  • Debevoise & Plimpton (Washington, D.C.)

Quotation

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 was under antitrust review (Flakeboard America / SierraPine), 7 November 2014, e-Competitions Bulletin November 2014, Art. N° 73788

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