Louisiana-Pacific (NYSE:LPX) reported quarterly earnings of $4.57 per share which beat the analyst consensus estimate of $4.40 by 3.86 percent. This is a 3.59 percent decrease over earnings of $4.74 per share from the same period last year. The company reported quarterly sales of $1.13 billion which missed the analyst consensus estimate of $1.25 billion by 9.60 percent. This is a 14.72 percent decrease over sales of $1.32 billion the same period last year.
Reported Late Monday, Pegasus Merger Co. Announces Private Offering Of $1B Of Senior Secured Notes In Connection With The Acquisition Of Tenneco Inc. By Funds Affiliated With Apollo Global Management
Pegasus Merger Co. ("Merger Sub"), which is owned by certain investment funds managed by affiliates of Apollo Global Management, Inc., today announced that, in connection the proposed acquisition of Tenneco