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Source: Hong Kong investor likely to pull out of Global Crossing deal
Boston.com ^ | 4/29/2003 21:03 | Brian Bergstein, Associated Press,

Posted on 04/29/2003 10:27:38 PM PDT by Ernest_at_the_Beach

Edited on 04/13/2004 2:09:42 AM PDT by Jim Robinson. [history]

NEW YORK (AP) A Hong Kong-based conglomerate is likely to abandon its $250 million deal to buy fiber-optic carrier Global Crossing out of bankruptcy because U.S. officials still have deep concerns about the sale's national security implications, a source familiar with the situation said Tuesday.


(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: alert; china; globalcrossing; hutchison; likashing; strategicindustry

1 posted on 04/29/2003 10:27:38 PM PDT by Ernest_at_the_Beach
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To: SierraWasp; *GlobalCrossing
To find all articles tagged or indexed using *GlobalCrossing, click below:
          click >>> GlobalCrossing <<< click          
(To view all FR Bump Lists, click here)


2 posted on 04/29/2003 10:28:33 PM PDT by Ernest_at_the_Beach (Where is Saddam? and where is Tom Daschle?)
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To: Ernest_at_the_Beach
This is a victory for the US. The Chicom Army can't be allowed to have this network. Remember these are Clinton's pals. Do not ever be fooled about the loyalty of 42.
freedom fighter-out.
3 posted on 04/29/2003 10:49:12 PM PDT by 411 freedom fighter
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