CFIUS Watch

[Larry Feldman @LarryFeldmanNYC]

Qualcomm files new letter from #CFIUS where CFIUS states that Broadcom has violated the interim order by commencing the re-domicile process and not giving a 5 business day notice #AVGO #QCOM
https://t.co/CBu2RgyKtR

[CFIUS Watch @CFIUS_Watch]

Here is the truly incredible #CFIUS letter/order delaying $QCOM s/h mtg., letter silent on CFIUS jurisdiction...how can CFIUS deem an actionable “covered foreign investment transaction" when there is NO deal or actual pending change to Board? $AVGO https://t.co/rpPj9OIGRr

[CFIUS Watch @CFIUS_Watch]

I have never seen a #CFIUS action on a deal BEFORE there was a deal... Any precedent for this in CFIUS' history? $QCON $AVGO https://t.co/B0su08hQBo

[Kate O'Keeffe @Kate_OKeeffe]

Broadcom's attempt to take over Qualcomm's board is raising a fascinating CFIUS issue: some officials say the U.S. needs to vet the hostile bid before a deal is even signed lest foreign companies start using proxy battles to evade national security reviews https://t.co/SWNiYvKvww

[CFIUS Watch @CFIUS_Watch]

@LiYuan6 Interesting point. Would love to see this translated to English.

[CFIUS Watch @CFIUS_Watch]

@BaldingsWorld Agree... IMO $xcra #CFIUS analysis likely: Semi is core technology. US leadership key to economy. Dual use tech - has both comm and def appl. Although not chips, the process and supply chain to make and test chips is ALSO core tech. Concluding nat sec issue.. Not surprised..

[CFIUS Watch @CFIUS_Watch]

BREAKING NEWS... #CFIUS claims another #China deal - Hubei's acquisition of Xcerra $XCRA, a U.S. semiconductor test equipment maker is terminated over CFIUS concerns, interesting case because XCRA does NOT make chips, just test equipment... https://t.co/MOAzl4cAr6

[CFIUS Watch @CFIUS_Watch]

@twerpsichore @Johanv91 @EvanFeigenbaum With political hysteria over #China transactions, where even movie theater deals cause impassioned protests from Senators (ie, @SenSchumer ), I wouldn't be surprised at all if this deal is scrutinized under new theories about "food security." Will be interesting to follow!

[CFIUS Watch @CFIUS_Watch]

Another "test" for #CFIUS...Hayao, #China-based pharma co. invest. $300mil in GNC $GNC, the well known vitamin maker, becoming largest shareholder, will FOOD security raise nat sec issues? https://t.co/hsJk10JnnL

[CFIUS Watch @CFIUS_Watch]

#CFIUS derails another #China deal, #Cogint $COGT was being acquired China-based Bluefocus, interesting because Cogint had agreed to fully divest its data/analytics bus, but still couldn't clear CFIUS... https://t.co/Qu7VZt62e1

[CFIUS Watch @CFIUS_Watch]

Senate hrg. tdy on #CFIUS reform #FIRRMA: @USTreasury @DeptofDefense @CommerceGov testified, all towing @POTUS line: strong support for FIRRMA, CFIUS understaffed needs resources, FIRMMA needed to address JVs/licenses, CFIUS covers tech. not adeq. controlled by export laws.

[CFIUS Watch @CFIUS_Watch]

Another #CFIUS reform #FIRRMA @USSenate hearing Thursday, should be interested as Heath P. Tarbert
Assistant Secretary of the Treasury for International Markets and Investment Policy (oversees CFIUS at Treasury) will testify https://t.co/kZzJbWSkrg

[CFIUS Watch @CFIUS_Watch]

Succinct summary of last week's @USSenate hearing on #CFIUS reform #FIRRMA - https://t.co/XI3IioYZrx

[Andreas Landwehr @andreaslandwehr]

U.S. Imposes Trade Tariffs, Signaling Tougher Line on China https://t.co/IvNvkSlmxo

[CFIUS Watch @CFIUS_Watch]

Another #China deal clears #CFIUS , #Biotest AG $BIO. With 2 other China deals recently clearing (Bosch Motors and Akrion), perhaps the logjam is breaking? Biotest deal shows how severe "mitigation" reqs. can be, in Biotest case, complete DIVESTMENT of all U.S, operations https://t.co/wThzPT5XLh

[Squire Patton Boggs @SPB_Global]

#newblogpost! CFIUS Filing Cleared: Creat Group Corporation (China); Tiancheng (Germany) Pharmaceutical Holdings ... https://t.co/dTpsPeae4n

[The Hill @thehill]

#BREAKING: Senate votes to end three-day shutdown after McConnell promises immigration vote https://t.co/dBAs9OKpBM

[ThePersistence @ScottPresler]

In corporate America, if you don't do your job, then you get fired.

In American government, if you don't do your job, you get a salary and benefits.

#SchumerShutdown

[CFIUS Watch @CFIUS_Watch]

@fawnjohnson @BloombergLaw As #CFIUS comprised today, true, but simple fix is to increase CFIUS staffing and resources, charge for filings to help fund as #FIRRMA bill states, recent Senate hearing testimony suggests CFIUS (across all participating agencies) has staff of < 100, woefully inadequate...

[CFIUS Watch @CFIUS_Watch]

U.S. @DeptofDefense "Inter-state strategic competition, not
terrorism, is now the primary concern in U.S. nat. sec. #China is strategic competitor using predatory economics to intimidate neighbors while militarizing features in the South China Sea." #CFIUS https://t.co/E67goGDfs5

[CFIUS Watch @CFIUS_Watch]

@AlanTonelson My view - #Akrion is a small, sub-scale niche player in mature wet processing manufacturing equipment, #CFIUS likely concluded NOT a critical technology.