Saturday, December 3, 2016

President Obama set to block Aixtron sale

Seeking Alpha reports that President Obama is poised to block a Chinese company from buying Germany's Aixtron (NASDAQ:AIXG) because Northrop Grumman (NYSE:NOC), a major U.S. defense contractor, is among the chip equipment maker's customers.

It would mark only the third time in more than a quarter century that the White House rejected an investment by an overseas buyer as a national security risk.

Aixtron shares -6.5% in Frankfurt.

China Warns U.S. Against Blocking Aixtron Takeover

Aixtron shares fall amid U.S. national security concerns over acquisition by China’s Fujian Grand Chip Investment Fund [Wall Street Journal]

Obama bars China's Fujian from buying Aixtron's US business

The headquarters of German chip equipment maker Aixtron SE is pictured ... The Treasury Department said Obama was blocking the deal .. [Reuters]

Warum redet Amerika in der Aixtron-Übernahme mit?

Die Übernahme des deutschen Maschinenbauers Aixtron durch einen chinesischen Investor ruft die große Politik in Washi [FAZ - Frankfurter Allgemeine Zeitung]

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