Status: Clearance Acquirer: SK hynix Inc. (South Korea) Acquired: NAND business of Intel Corporation (US) Value: US$9 billion Industry: Semiconductors… Continue Reading
Status: Clearance Acquirer: TELUS International (Cda) Inc. (Canada) Acquired: Lionbridge AI business of Lionbridge Technologies, Inc. (U.S.) Value: US$939 million Industry: Artificial Intelligence; Information Services… Continue Reading
Status: Clearance Acquirer: Canadian Pacific Railway Limited (Canada) Acquired: Kansas City Southern (US) Value: US$29 billion Industries: Transportation; Infrastructure; Railway Update: On August 16, 2022, Canadian Pacific Railway Limited (TSX: CP; NYSE: CP) announced that “it has received the required regulatory clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the … Continue Reading
Status: Clearance Acquirer: CAE Inc. (Canada) Acquired: Military Training business of L3Harris Technologies, Inc. (US) Value: $1.05 billion Industry: Defense services… Continue Reading
International M&A practitioners are used to dealing with CFIUS for any transaction involving assets in the US. The Europeans M&A practitioners are, however, catching up, and many multijurisdictional deals will now face clearance in a number of countries. The latest addition to the list, the UK National Security and Investment Bill, is broad in scope … Continue Reading
Status: Undetermined Acquirer: Brookfield Asset Management Inc. (Canada) Acquired: American Equity Investment Life Holding Company (US) Value: US$675 million Industry Tags: Financial Services; Insurance… Continue Reading
Status: Clearance Acquirer: GIC Pte. Ltd. (Singapore); The Carlyle Group Inc. (U.S.) Acquired: Partial ownership of American Express Global Business Travel (U.S.) Value: US$1 billion Industry: Logistics; Travel & Event Management… Continue Reading
The security of the bulk-power system has long been an issue of deep concern in the US. On May 1, 2020, President Trump issued an Executive Order (EO) on Securing the United States Bulk-Power System. The EO created uncertainty and peril for US power companies.… Continue Reading
Status: Clearance Acquirer: Northern Private Capital (Canada); Neptune Acquisition Inc. (Canada) Acquired: MDA Business of Maxar Technologies Inc. (Canada) Value: $765 million Industry Tags: Aerospace, Satellites, Space, Technology… Continue Reading
The EU’s trade commissioner had urged member states to ramp up screening levels of foreign direct investment (FDI) in order to prevent predatory takeovers of key businesses during the coronavirus pandemic.… Continue Reading
Countries around the world continue to enact policies aimed at mitigating the spread of COVID-19 that both recognize the importance of trade to their respective economies, but also seek to address domestic demand for key goods – especially medical supplies – related to the crisis. Similarly, some recent government policies around the world have shifted … Continue Reading
Status: Clearance Acquirer: Citiking International US LLC (China) Acquired: One Aviation Corporation (US) Value: US$198.8 million debt value Industry: Aerospace… Continue Reading
On January 6, 2020, the US Department of Commerce, Bureau of Industry and Security (BIS) published an interim final rule amending the Export Administration Regulations (EAR) to make software specially designed to automate the analysis of geospatial imagery subject to the EAR and to impose a requirement of a license for the export and reexport of such software. The … Continue Reading
