Thursday, July 26, 2007

UPDATE 1-Bush signs law bolstering reviews of foreign deals

(Reuters) - WASHINGTON, July 26 - U.S. President George W.
Bush on Thursday signed legislation to bolster oversight of
acquisitions of U.S. companies by foreign firms, a move to
address national security concerns about several deals raised
by Congress.




The new law requires regulators to spend more time vetting
deals, holds regulators more accountable for their actions and
keeps Congress better informed about the Committee on Foreign
Investment in the United States , which reviews deals.


Read more at Reuters.com Mergers News

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