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U.S. Message to China: Hands Off Our Companies
Backers of several high-profile transactions have failed to get approval amid tougher scrutiny of Chinese investment
By Kate O’Keeffe in Washington and
Julie Steinberg in Hong Kong
Updated July 21, 2017 5:32 p.m. ET
The U.S. is toughening its scrutiny of Chinese deals, throwing a number of high-profile takeover bids into question and helping spur a huge case backlog, according to people familiar with the process.
The Committee on Foreign Investment in the U.S. has signaled there are significant obstacles facing the proposed $1.2 billion purchase of Dallas-based payments firm MoneyGram International Inc. by Ant Financial Services Group,...
READ MORE: https://www.wsj.com/articles/u-s-puts-chinese-deals-on-ice-1500664800
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