The Committee on Foreign Investment in the United States, a U.S. government committee which assesses the potential effect of foreign investment on that country's security, has given its approval for the proposed purchase of the Swiss seed and chemical manufacturer Syngenta by China National Chemical Corp., also known as ChemChina.
Coverage:
Previously:
ChemChina to Purchase Syngenta For $43 Billion in China's Largest Foreign Acquisition
(Score: 4, Insightful) by Pherenikos on Thursday August 25 2016, @11:06PM
Considering both Chinese and EU regulators are regularly having to approve mergers between foreign companies which do substantial amounts of business in their respective territories, needing US regulators to sign off on a merger which will have a significant US presences is only natural. If you don't want local regulatory approval divest your local business.
(Score: 2) by dingus on Thursday August 25 2016, @11:21PM
This is a good comment, but FYI Switzerland isn't in the EU. It's in the Schengen Area, which is a much looser agreement.