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Upcoming/New CFIUS Filing: Empower Retirement, Great-West Lifeco, Power Corp. of Canada and Personal Capital Corporation

By Trade Practitioner on Posted in CFIUS Case Summaries, Financial Services, Upcoming/New Filing
Status:  Upcoming/New Filing Acquirer:  Empower Retirement, LLC (US); Great-West Lifeco Inc. (Canada); Power Corporation of Canada (Canada) Acquired:  Personal Capital Corporation (US) Value:  US$825 million Industry:  Financial Services Empower Retirement, LLC, a US subsidiary of Great-West Lifeco Inc., a publicly traded Canadian financial services holding company (TSX:GWO) that is majority owned by the publicly traded … Continue Reading

CFIUS Clearance: Huatai Securities, AssetMark Financial Holdings and WBI OBS Financial

By Trade Practitioner on Posted in CFIUS Case Summaries, China, Clearance, Financial Services, US
Status:  Clearance Acquirer:  Huatai Securities Co., Ltd. (China); AssetMark Financial Holdings, Inc., (US) Acquired:  WBI OBS Financial, LLC (US) Value:  US$18.4 million Industry:  Financial Services On September 30, 2019, AssetMark Financial Holdings, Inc. (NYSE: AMK), a “provider of extensive wealth management and technology solutions that power independent financial advisers and their clients,” (AssetMark Financial Holdings, Inc., … Continue Reading

CFIUS Clearance: Chongqing Casin Enterprise Group and Chicago Stock Exchange, Inc.

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance, Financial Services, Foreign Investment Reviews
Status:  Clearance   Acquirer:  Chongqing Casin Enterprise Group (China) Acquired:  Chicago Stock Exchange, Inc.  (US) Value:  Unknown Industry:  Financial Services   UPDATE:  On December 14, 2016, Reuters reported that the Chicago Stock Exchange confirmed that CFIUS had cleared the proposed investment by the Chongqing Casin Enterprise Group. (See Reuters, Exclusive: U.S. security panel clears Chinese … Continue Reading

Pending CFIUS Clearance: Chongqing Casin Enterprise Group and Chicago Stock Exchange, Inc.

By Trade Practitioner on Posted in CFIUS Case Summaries, Financial Services, Foreign Investment Reviews, Investigation
Status: Pending Clearance   Acquirer: Chongqing Casin Enterprise Group (China) Acquired: Chicago Stock Exchange, Inc. (US) Value: Unknown Industry: Financial Services   On February 5, 2016, The Chicago Stock Exchange, Inc. (“CHX”) announced that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing, China based Chongqing Casin Enterprise … Continue Reading
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