Ports deal to close by Monday: official (despite "45 day review")

Bush_Eats_Beef

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Thu Mar-02-06 02:52 PM
Original message

Ports deal to close by Monday: official (despite "45 day review")

1 hour, 29 minutes ago

WASHINGTON (Reuters) - Dubai Ports World's $6.85 billion acquisition of Britain's P&O will close on Friday or Monday, despite an additional 45-day review by the U.S. government in response to security concerns, a U.S. Treasury Department official said on Thursday.

"My understanding is that the deal will not close today," Deputy Treasury Secretary Robert Kimmitt told a Senate panel. "Although they had announced March 2 as the closing date ... that deal will not now close until tomorrow or Monday."

Kimmitt made his statement in response to a question from lawmakers on the Senate Banking Committee.

http://news.yahoo.com/s/nm/20060302/ts_nm/security_ports_deal_dc

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splat

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Thu Mar-02-06 03:02 PM
Response to Original message

1. These two things are not related

The takeover of a British company by Dubai Ports World is a business deal that is happening.

Whether they still run these ports when the dust settles is another matter.

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Norquist Nemesis

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Thu Mar-02-06 03:10 PM
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2. Any word on the UK judge's decision?

I read that a judge will be making the final decision about whether this deal to buy P&O can go through. His decision was to be out yesterday, IIRC, but haven't heard anything. :shrug:

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muriel_volestrangler

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Thu Mar-02-06 03:28 PM
Response to Reply #2

3. He OKed it today

see http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2141371

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Norquist Nemesis

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Thu Mar-02-06 04:07 PM
Response to Reply #3

4. Just heard it on the radio, too

Thanks for the link! :)

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wordpix

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Thu Mar-02-06 04:11 PM
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5. where is the f **$$!!ing Congress???$$$

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wordpix

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Thu Mar-02-06 04:23 PM
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6. my email to my senators---use it if you want

Dear Senator,

I want to know what you are doing, if anything, to stop the Dubai Ports World takeover of 21 US ports? It's my understanding the deal will go through in the next day or two, while Congress holds some kind of sham hearing for 45 days. Please stop this deal as our homeland security is at stake!

Sincerely,
Wordpix

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Megahurtz

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Thu Mar-02-06 04:33 PM
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7. OMG so this is just ANOTHER

thing that will get pushed through whether the American Public agrees with it or not!:banghead:

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calimary

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Thu Mar-02-06 06:54 PM
Response to Reply #7

9. Honey, we live in the land of Who-Cares-What-You-Think.

You know what? Bring 'em on.

If this is rammed through ANYWAY, and the public is already outraged about it now, let's just let 'er ride, then. :evilgrin:

And let's make sure we keep that aflame until November! :evilgrin: :evilgrin: :evilgrin: :evilgrin: :evilgrin: :evilgrin: :evilgrin:

Methinks this will help us Take Back the House!

And then, BRING ON IMPEACHMENT!!!!!!!!

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MasonJar

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Thu Mar-02-06 06:10 PM
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8. Rush it through just like the war; Carlyle has to have their money.

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