Foreign Takeovers Face New Regulatory Hurdles

Law360, New York (October 25, 2007, 12:00 AM EDT) -- The U.S. government now has even more power to weigh in on foreign acquisitions of U.S. companies, thanks to increased national security concerns – and a new law with a striking acronym: FINSA.

The Foreign Investment and National Security Act of 2007 went into effect on Oct. 24, setting in place a more stringent system for government review of cross-border transactions, especially those involving key U.S. industries, or entities owned or controlled by foreign governments.

It's still unclear exactly how investors will adjust to the government's...
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