How does Exon-Florio apply?
As I read the following it seems that this gives Exon-Florio the authority....... [from the above posted article]
-----
Amendments. Section 837(a) of the National Defense Authorization Act for Fiscal Year 1993, called the "Byrd Amendment," amended Section 721 of the Defense Production Act (the "Exon-Florio provision"). It requires an investigation in cases where:
o the acquirer is controlled by or acting on behalf of a foreign government; and
o the acquisition "could result in control of a person engaged in interstate commerce in the U.S. that could affect the national security of the U.S."
Thanks. I could see how the excerpt you cited would be applicable to US Corporations, but not foreign corporations, hence my query. I now see that inclusion of US Subsidiaries in the acquisition made them subject to the law, something I should have thought of in the beginning.