Committee on Foreign Investment in the United States (CFIUS) News

U.S. Treasury Rules Strengthen Oversight of Foreign Investors

Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny by a government committee wielding stronger powers, under rules the Trump administration will issue Wednesday. Investors interested in American developers …

U.S. Allows China’s Oceanwide Purchase of Insurer Genworth

A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of insurer Genworth Financial, the two companies said on Saturday. The United States in recent years has blocked many proposed Chinese …

Congress Considers Tightening Oversight of Foreign Investments

A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …

China’s Ant Financial May Re-Think Global Ambitions After MoneyGram Deal Fails

Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International …

Citing National Security, U.S. Kills MoneyGram Sale to China’s Ant Financial

Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President …

China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review

The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers, they said on Wednesday. …

China’s Ant Financial Raises Bid for Fintech Firm, MoneyGram, by 36%

China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Ant, the finance affiliate of Alibaba …

Senators Want U.S. to Weigh Food Safety in Acquisitions by Foreign Firms

Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food security. The legislation …

U.S. Scrutiny of Fosun’s Ironshore Sends Signal on Other China Deals

Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty …

Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun

Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee Professional Liability (FEPLI) as well as disability, life, dental and other …