On Friday, the parties to the Firstgold transaction, or their lawyers, released a memo detailing a conversation with the Deputy Treasury Secretary. He offered them the chance to quietly withdraw rather than force the President to issue a public repudiation of the transaction. I said at the time that this unusual disclosure meant that "either Firstgold and its lawyers don't understand CFIUS or they're spoiling for a fight."
Today, the Chinese buyer decided to withdraw. So at least the buyer isn't spoiling for a fight, which means there won't be one.
Kind of leaves one option, doesn't it?
Today, the Chinese buyer decided to withdraw. So at least the buyer isn't spoiling for a fight, which means there won't be one.
Kind of leaves one option, doesn't it?
Comments