Archives: CFIUS

Committee on Foreign Investment in the U.S.

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CFIUS Reform: Understanding FIRRMA

On August 14, 2018, legislation reforming the Committee on Foreign Investment in the United States (CFIUS), the Foreign Investment Risk Review Modernization Act (FIRRMA), and dual-use export controls, the Export Controls Reform Act (ECRA), were signed into law as part of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA) (H.R. … Continue Reading

Upcoming/New CFIUS Filing: Deutsche Telekom/T-Mobile US and Sprint Corporation

Status:  Upcoming/New Filing   Acquirer:  Deutsche Telekom AG (Germany); T-Mobile US, Inc. (US) Acquired:  Sprint Corporation (US) Value:  Approximately US$59 billion Industries:  Telecommunications On April 29, 2018, T-Mobile US, Inc.,  a publicly traded US wireless communications provider majority owned by Germany global telecommunications company Deutsche Telekom AG, announced that it entered into a merger agreement with Sprint … Continue Reading

Upcoming/New CFIUS Filing: China Grand Pharmaceutical and Healthcare Holdings Limited/CDH Genetech, Ltd. and Sirtex Medical Limited

Status:  Upcoming/New Filing   Acquirer:  China Grand Pharmaceutical and Healthcare Holdings Limited (Bermuda; Hong Kong SAR, China; China); CDH Genetech, Ltd. (Cayman Islands; China) Acquired:  Sirtex  Medical Limited (Australia) Value:  Approximately A$1.9 billion (US$1.4 billion) Industry(ies):  Healthcare; Biotechnology; Medical Devices… Continue Reading

CFIUS Reform: House and Senate Committees Unanimously Clear Bills That Would Greatly Expand CFIUS Authority

On May 22, shortly before the US Memorial Day holiday weekend, the US House and Senate committees with jurisdictions over foreign investments in the US unanimously passed their respective legislations that would greatly expand the authority bestowed on the Committee on Foreign Investment in the United States (CFIUS). The bipartisan, bicameral effort introduced the Foreign … Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: Unic Capital Management, China Integrated Circuit Industry Investment Fund and Xcerra, Inc.

Status:  Withdrawn; Abandoned Acquirer:  Unic Capital Management Co., Ltd. (China); China Integrated Circuit Industry Investment Fund Co. (China) Acquired:  Xcerra, Inc. (US) Value:  Approx. US$580 million Industry:  Semiconductor… Continue Reading
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