CFIUS Scrutiny Of Foreign Acquisitions Intensifies
Law360 (February 13, 2018, 12:34 PM EST) -- The environment for foreign investment in the United States is shifting. Most recently, a bid by Chinese-owned Ant Financial to acquire MoneyGram International Inc., a U.S. money transfer company, was derailed early this year after the Committee on Foreign Investment in the United States rejected proposals offered to try to mitigate national security concerns associated with the deal. At the same time, high-profile U.S. legislation to tighten and expand CFIUS controls seems to be gaining momentum. It remains to be seen what these developments portend.
Ant Financial is jointly owned by Jack Ma, the executive chairman of the powerful Chinese conglomerate Alibaba...
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