July 31 (Reuters) - International Barrier Technology Inc IBH.V :
* Press release - International Barrier enters agreement to combine with Louisiana-Pacific Corporation
* Louisiana-Pacific Canada and Louisiana-Pacific Corporation have agreed to buy all of shares of co
* Arrangement will require approval of at least 66 pct of votes cast by company shareholders
* International Barrier Technology Inc-each common share of co to be transferred to Louisiana-Pacific Canada Ltd, Louisiana-Pacific Corp for $0.41/common share
* Total deal price of US$22 million