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CFIUSCommittee on Foreign Investment in the United States
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30, 2016, clearance was received from the Committee on Foreign Investment in the United States (CFIUS) to proceed with the proposed acquisition of the company.
UQM Technologies Inc (UQM) (NYSE American: UQM), a developer of alternative energy technologies, announced on Friday the receipt of a notice, on 25 July 2019, from the Committee on Foreign Investment in the US (CFIUS) stating that CFIUS has cleared the previously announced merger between the company and a wholly owned subsidiary of Danfoss Power Solutions (US) Company (Danfoss).
The acceptance of the refiling of a joint voluntary notice by CFIUS will trigger a new 30-day review period, which may be followed by an additional 45-day investigation period.
CFIUS is empowered to review acquisitions of US businesses by foreign persons -- termed "covered transactions" -- to evaluate whether foreign control of such businesses will have adverse impacts.
Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, has announced that the Committee on Foreign Investment in the United States (CFIUS) completed its review of the planned acquisition of the company by Reliance Industries (RIL), the company said.
CFIUS will have the option to approve a deal within 30 days or open a fuller investigation, the department said.
"Any foreign investment in Tesla would at least notionally be of interest to CFIUS."
The administration did not detail its national security concerns, but CFIUS last week sent a letter to the attorneys of the two companies saying it was concerned research and development at Qualcomm might atrophy under Broadcom's direction, according to a copy that was reviewed by The Washington Post.
CFIUS has been wary in the past of semiconductor-related purchases by Chinese interests, because of worries about potential transfers of sensitive technology.
The legislation would expand CFIUS` reach to allow it to review, and potentially reject, smaller investments and add new national security factors for CFIUS to consider.
CFIUS reviews international mergers and acquisitions involving U.S.