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Posted: Fri Dec 21, 2007 3:34 am Post subject: Another Ports--like Deal In The Making?
NO one loiked the idea of a Muslim country controlling our ports, but yet here is another Nat Sec deal in the making.
A leaked report on the review of a merger deal between 3Com Corp. and a partnership involving the Chinese company Huawei has stoked tensions of the sort lawmakers hoped to avoid when they redesigned the panel in charge of weighing foreign acquisitions.
The 3Com deal is in the midst of a national security review by the Committee on Foreign Investment in the United States, or CFIUS, a multi-agency panel that weighs the risks of proposed foreign acquisitions. Congress revamped the CFIUS process this year in part because the business community warned that politicization of foreign business deals would drive foreign investors away, and eventually hurt the U.S. economy.
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