China Firms Face Increasing Acquisition Delays in U.S.
The volleys have become more protracted between a U.S. panel that reviews incoming acquisitions and Chinese suitors.
A nod from the Committee on Foreign Investment in the United States, commonly known as CFIUS, is the last mile for non-American companies to clinch deals on U.S. soil. The inter-agency committee, chaired by the Treasury secretary, has up to 75 days to review a deal on national security grounds. If unresolved concerns remain, CFIUS can send a report to the president, who has the authority to prohibit incoming investments.
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