Crossing the line
A measured precaution in security conscious times, or a back-door way to lever a competitive edge for US companies over their foreign competitors? David Marchick sets out the background to the Exon-Florio Amendment and considers how its application to the Global Crossing takeover could set the tone for future developments
President Bush’s recent decision to approve Singapore Technologies Telemedia’s acquisition of Global Crossing reaffirmed the US’ long-standing embrace of foreign investment.
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