Law360, New York (December 16, 2016, 2:08 PM EST) -- Michael T. Gershberg
Justin A. Schenck
On Dec. 2, 2016, President Barack Obama issued an executive order blocking the acquisition of the U.S. business of German semiconductor company Aixtron SE by Chinese investor Fujian Grand Chip Investment Fund LP. The executive order directs the parties to abandon the acquisition of Aixtron’s U.S. subsidiary, Aixtron Inc., in the next 30 days. On Dec. 8, FGC announced that it was no longer moving forward with the acquisition.
This marks only the third time that a U.S. president has ordered a transaction blocked or unwound due to national security concerns. The Committee on Foreign Investment...
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