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Is this really the case in the US? Because in Canada, there have been numerous cases of the Canadian government vetoing purchases by foreign companies in the n
by canistr 13y ago
Is this really the case in the US? Because in Canada, there have been numerous cases of the Canadian government vetoing purchases by foreign companies in the name of protecting Canadian interests and security (e.g. MDA selling to an American aerospace firm, Pot Ash Corp, BlackBerry to Lenovo, etc.)
Or even the case of SEC approval or EU approval for major acquisitions.
- icambron 13y agoI'm guessing there are some national security rules too (and possibly some other specific rules), but the point is that they can't just say, "we don't like China so they can't buy our companies". The government simply hasn't been given that power.
- canistr 13y agoWhat I'm pointing out though is that their point about "national security" really came down to "we don't trust China"/"we don't trust america". And it passed through Parliament fine because it pretty much had the support of Canadians.
- icambron 13y agoYou're right that the legislature can pass any law they want; I was just talking about the executive branch's authority to veto deals directly. I didn't think that--at least in the US--there were instances in which Congress had actually done passed a law like that, and wasn't considering that a relevant possibility. But see Galaxity's comment below refuting that; so I'm withdrawing my argument.
- seanmcdirmid 13y agoChina vetoed Coke buying a local beverage producer over national security concerns.
- PakG1 13y agoNope: http://www.chinahearsay.com/coca-colas-huiyuan-deal-goes-bust/ http://www.chinahearsay.com/coca-colas-huiyuan-deal-goes-bus... http://www.chinahearsay.com/china-ma-never-make-assumptions-because-well-you-know/ http://www.chinahearsay.com/china-ma-never-make-assumptions-... http://www.chinahearsay.com/little-sheep-deal-approved-can-we-stop-talking-about-coke-huiyuan-now/ http://www.chinahearsay.com/little-sheep-deal-approved-can-w...
- Fomite 13y agoNational security concerns have been cited as a potential roadblock for the deal.