Longview Fibre ( LFB), a paper and packaging company, said it has received additional information from Obsidian Finance Group and Campbell Group regarding the potential financing and structure for their acquisition proposal.

Longview, which had previously rejected the takeover offer, said that with the assistance of its financial and legal advisers, its board of directors is re-examining the proposal and determining the appropriate course of action.

The board said it remains committed to acting in the best interests of the company and its shareholders. Shares of Longview were gaining 43 cents, or 1.7%, to $25.23 Monday.

This story was created through a joint venture between TheStreet.com and IRIS.

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