ChoicePoint revealed Thursday in a 10Q filing with the Securities
and Exchange Commission that the 30-day initial waiting period for the
national security review by the multi-agency CFIUS would have ended May
5, but the Department of the Treasury, which chairs CFIUS, said it
would not finish its work by then. It is unclear, however, whether the
companies have yet refiled.
The government can extend its review 45 days beyond the initial 30,
but if it is extended the White House must sign off on the transaction,
and the White House has 15 days to act beyond the extra 45 days. The
rules were modified in January to make it easier for a single agency to
force an extended investigation.
Reed declined to comment.
See the full story from The Daily Deal. -
Scott Stuart
