The Committee on Foreign Investment in the United States (CFIUS), an interagency committee of the U.S. government empowered to review transactions that could result in control of a U.S. business by a foreign person (covered transactions) in order to evaluate the potential effects of such transactions on U.S. national security, has played an increasingly significant role in cross-border transactions in 2017. Here are certain key CFIUS developments and related takeaways for boards and deal professionals:
On September 13, President Trump blocked the acquisition of Lattice Semiconductor Corporation (Lattice) by Canyon Bridge Capital Management, L.P. (Canyon Bridge), a California-based fund backed by a Chinese asset management firm.
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