bainhuawei-deal-seeks-blessing-from-us-regulator

Bain-Huawei deal seeks blessing from US regulator

HuaweiÆs ownership of a 16.5% stake in 3Com will test whether the US is open to Chinese investment, particularly in sectors perceived as strategic.
Private equity firm Bain Capital has followed its September 28 announcement that it will, along with ChinaÆs Huawei Technologies, buy 100% of 3Com with a ævoluntary filingÆ on October 12 to the Committee on Foreign Investment in the United States CFIUS. In the filing, Bain is seeking to reassure regulators that the Chinese firm will not be in the driverÆs seat at 3Com, thus HuaweiÆs investment does not pose any threat to US national security.

The CFIUS has the right ôto suspend or prohibit any foreign acquisition, merger or takeover of a US corporation that is determined to threaten the national security of the United Statesö. The Committee was established under the Ford regime...
¬ Haymarket Media Limited. All rights reserved.

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