|
Obama, on Friday, is expected to uphold the Committee on Foreign
Investment in the United States' (CFIUS) recommendation that
Aixtron's sale to the Chinese investment fund be stopped,
Bloomberg said, citing sources. http://bloom.bg/2geoLp4
Obama's office could not be reached for comment immediately by
Reuters outside regular business hours.
In November, Aixtron said that the CFIUS told the company it
would recommend that its pending takeover by Fujian be blocked.
The German firm said CFIUS, which reviews deals that may be
national security risks, had told the chip equipment maker that
it plans to recommend to the U.S. president that the deal be
blocked due to security concerns, and that it had advised the
companies to drop the deal.
The last time a president blocked a deal on national security
grounds was in 2012, when Obama stopped a privately owned
Chinese company from building wind turbines close to a Navy
military site in Oregon, due to national security concerns.
The German government, in October, withdrew its approval for the
deal.
The deal, announced in May, valued Aixtron at 670 million euros
($715.56 million).
Aixtron and Fujian Grand Chip Investment Fund could not be
immediately reached by Reuters for comment.
(This story corrects paragraph 6 to show President Obama blocked
the deal)
(Reporting by Sangameswaran S in Bengaluru; Editing by
Muralikumar Anantharaman)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
