Latest news with #CFIUS
Korea Herald
11 hours ago
- Business
- Korea Herald
Hanwha wins US approval to acquire stake in Australia-based shipbuilder Austal
South Korea's Hanwha Group said Tuesday it has received approval from the US government to acquire up to a 100 percent stake in Australia-based shipbuilding and defense firm Austal, clearing a major hurdle in its push to expand its presence in the global defense market. The recent approval from the Committee on Foreign Investment in the United States (CFIUS) allows Hanwha to increase its current 9.9 percent stake in Austal to full ownership, the group said. Hanwha had initially filed for CFIUS to approve a 19.9 percent stake acquisition. CFIUS is an interagency committee of the US government that reviews the national security implications of foreign investments in US companies. Austal operates a major US naval shipyard in the United States. The committee said there were no unresolved national security concerns with the deal, effectively recognizing the legitimacy of Hanwha's acquisition bid, the South Korean group said. Hanwha first purchased a 9.9 percent stake in Austal in March and has since sought approvals from both the Australian and US governments to increase its holdings to 19.9 percent. Headquartered in Australia, Austal is a global defense shipbuilder with major operations in the US, supplying vessels to the US Navy. Hanwha said it plans to leverage its shipbuilding capabilities to boost Austal's global competitiveness while seeking to expand joint business opportunities in both the US and Australian defense markets. (Yonhap)
Axios
4 days ago
- Business
- Axios
Trump's U.S. Steel decision may come later than expected
U.S. Steel workers and shareholders remain in limbo as to the status of its pending takeover by Japan's Nippon Steel, one week after President Trump suggested it was a done deal. The big picture: We may not get a White House decision today, despite widespread expectations to the contrary. Zoom in: Under normal procedures, Trump is required to give approval or block a deal within 15 days of receiving a CFIUS recommendation. That's today. But as we reported last month, CFIUS didn't plan to provide a traditional recommendation to Trump. Instead, it gave him information and analysis (even though Trump said last Friday that he hadn't even seen the final deal). Thus, the 15-day deadline may be moot. The intrigue: Nippon still hasn't confirmed that it's agreed to grant the U.S. a so-called "golden share" in the Pittsburgh-based steelmaker, or guarantee that it's CEO would be a U.S. citizen.
Yahoo
5 days ago
- Business
- Yahoo
Chambers USA 2025 Recognizes Dorsey Lawyers and Practices
MINNEAPOLIS, June 05, 2025--(BUSINESS WIRE)--International law firm Dorsey & Whitney LLP announced today that 39 of its practices and 91 of its lawyers across 11 of its U.S. offices were ranked by Chambers and Partners in its annual survey, Chambers USA: America's Leading Lawyers for Business 2025. In addition to the practices ranked at the state level, the Firm's Cannabis Law, Corporate/M&A, ERISA Litigation, International Trade: Export Controls & Economics Sanctions, Mining & Metals, and Native American Law practices were ranked on the national level. Dorsey Attorney Rankings Chambers ranked the following individual Dorsey lawyers in its latest guide: National Kimberley Anderson – Mining & MetalsChristopher Doerksen – Mining & MetalsSkip Durocher – Native American LawAndrew Holly – ERISA LitigationJustin Huff – International Trade: CFIUS ExpertsWells Parker – Mining & MetalsMichael Pignato – Native American Law: FinanceSativa Rasmussen – Cannabis Law: Western United StatesRichard Silberberg – International Arbitration: ArbitratorsMary Streitz – Native American LawLawrence Ward – International Trade: CFIUS Experts; International Trade: Export Controls & Economic Sanctions Anchorage Michael Mills – Corporate/M&A Bankruptcy/RestructuringBonnie Paskvan – Corporate/M&A Native American Law Boise Richard Hall – Natural Resources & EnvironmentSteve Hardesty – Corporate/CommercialNick Taylor – Corporate/CommercialElijah Watkins – Litigation: General Commercial Denver Charlene Krogh – Intellectual PropertyLee Osman – Intellectual PropertyGreg Tamkin – Intellectual Property Des Moines Josh Hughes – Labor & EmploymentWilliam Miller – Labor & Employment; Litigation: General CommercialKirk Schuler – Litigation: General Commercial Minneapolis Theresa Bevilacqua – Litigation: General CommercialBrian Burke – Corporate/M&ARoss D'Emanuele – HealthcareBeth Forsythe – Litigation: White-Collar Crime & Government InvestigationsMichelle Grant – Litigation: General CommercialCam Hoang – Capital Markets: Debt & EquityKathryn Johnson – ConstructionJocelyn Knoll – ConstructionJames Langdon – Litigation: General CommercialJay Lindgren – Real Estate: Zoning/Land UseMichael Lindsay – AntitrustEdward Magarian – Litigation: White-Collar Crime & Government InvestigationJohn Marsalek – Corporate/M&AJohn Marti – Litigation: White-Collar Crime & Government InvestigationDavid Meyer – Real EstateRyan Mick – Labor & EmploymentMarcus Mollison – Real EstateRobert Olson – Real EstateF. Matthew Ralph – AntitrustMelissa Raphan – Labor & EmploymentRobert Rosenbaum – Corporate/M&AEric Ruzicka – ConstructionJ. Mike Sevilla – ImmigrationZev Simpser – Energy & Natural ResourcesJaime Stilson – AntitrustAlyson Van Dyk – Real EstateJonathan Van Horn – Corporate/M&ARJ Zayed – Litigation: White-Collar Crime & Government Investigation Missoula Steve Bell – Litigation: General CommercialCourtney Ellis – Corporate/M&AErin McCrady – Corporate/M&ADan Semmens – Corporate/M&A New York Bruce Ewing – Intellectual Property: Trademark, Copyright & Trade SecretsNicholas Pappas – Labor & Employment Phoenix Norman James – EnvironmentRob Kort – Healthcare LawBrian Moll – Corporate/M&ADawn Meidinger – EnvironmentRyan Rosensteel – Real Estate Salt Lake City Alan Bell – Corporate/M&ABryon Benevento – Litigation: General CommercialMatthew Bethards – Intellectual PropertyMark Burghardt – Natural Resources & EnvironmentNathan Canova – Public FinanceMatthew Durham – Labor & EmploymentBrett Foster – Intellectual PropertyL. Grant Foster – Intellectual PropertyRichard Hall – Natural Resources & EnvironmentMegan Houdeshel – Natural Resources & EnvironmentCatherine Lake – Intellectual PropertyMilo Steven Marsden – Litigation: General CommercialChris Martinez – Litigation: General CommercialDavid Marx – Corporate/M&AMark Miller – Intellectual PropertyWells Parker – Natural Resources & EnvironmentBryan Pratt – Intellectual PropertyMarcus Simon – Intellectual PropertyLayne Smith – Corporate/M&ANolan Taylor – Corporate/M&AGage Zobell – Natural Resources & Environment Seattle Kerry Lee Andken – Intellectual PropertyIeva Aubin – ImmigrationMarisa Bavand – ConstructionMichael Droke – Labor & EmploymentKimton Eng – Intellectual PropertyKendall Fisher – TaxGeoff Godfrey – Intellectual PropertyMike Grace – ConstructionShawn Larsen-Bright – Litigation: General Commercial Washington, DC Margot Laporte – Litigation: White-Collar Crime & Government Investigations Dorsey Practice RankingsChambers ranked the following Dorsey practices in its latest guide: Nationwide Cannabis LawCorporate/M&A: Highly RegardedMining & MetalsERISA LitigationInternational Trade: Export Controls & Economic Sanctions: Highly RegardedNative American Law Anchorage Corporate/M&AReal EstateNative American Law Boise Corporate/Commercial Denver Intellectual Property Des Moines Litigation: General CommercialLabor & Employment Minneapolis AntitrustCapital Markets: Debt & EquityConstructionCorporate/M&AEnergy & Natural ResourcesImmigrationIntellectual PropertyLabor & EmploymentLitigation: General CommercialLitigation: White-Collar Crime & Government InvestigationsReal Estate Missoula Corporate/M&ALitigation: General CommercialNatural Resources & Environment New York Corporate/M&A: Highly RegardedIntellectual Property: Trademark, Copyright & Trade Secrets Phoenix Real Estate Salt Lake City Corporate/M&AIntellectual PropertyLitigation: General CommercialNatural Resources & Environment Seattle ConstructionCorporate/M&AIntellectual PropertyLitigation: General CommercialTax Chambers surveys and interviews clients and lawyers across the United States to determine which firms and attorneys are considered leaders in their field. Rankings assess key qualities in the legal field, including technical legal ability, professional conduct, client service, commercial astuteness, diligence, and commitment. About Dorsey & Whitney LLP Clients have relied on Dorsey as a valued business partner since 1912. With locations across the United States and in Canada, Europe, and the Asia-Pacific region, Dorsey provides results-oriented, grounded counsel for its clients' legal and business needs. Dorsey represents a number of the world's most successful companies from a wide range of industries, including banking & financial institutions; development & infrastructure; energy & natural resources; food, beverage & agribusiness; healthcare & life sciences; and technology. View source version on Contacts MEDIA CONTACT: Carmen Ramson-Herzing612.492.5194ramson-herzing.c@ Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
TechCrunch
5 days ago
- Business
- TechCrunch
Phone unlocking firm Cellebrite to acquire mobile testing startup Corellium for $170M
In Brief Cellebrite, a company that makes forensic equipment for unlocking smartphones, said it is acquiring mobile testing startup Corellium for $170 million in cash, with $20 million converted to equity at closing. The Israel-headquartered Cellebrite said the deal would help with the 'accelerated identification of mobile vulnerabilities and exploits.' Much of Cellebrite's technology relies on using unknown vulnerabilities, such as zero-day exploits, to unlock encrypted data stored on phones. For its part, Corellium provides its customers access to virtual, cloud-based Android and iOS devices for app and security testing, an offering that Apple for a time sought to block. A Cellebrite spokesperson told TechCrunch that the deal is expected to close later this year, subject to a review from CFIUS, the U.S. government committee tasked with handling corporate deals that could affect national security.
Bloomberg
6 days ago
- Business
- Bloomberg
Trump Taps Former Small Business Chief for Role Overseeing CFIUS
President Donald Trump has nominated Chris Pilkerton, the acting head of the Small Business Administration during his first term, to oversee a committee charged with screening foreign investments into the US as well as outbound investments in foreign countries, with a close eye on competition with China. Pilkerton has been nominated to serve as the assistant secretary of the Treasury for Investment Security, according to the congressional record. In that role, he will oversee the Committee on Foreign Investment in the US, or CFIUS. The Treasury did not immediately respond to a request for comment.
