Reply #9: Dubai Will Delay Another Acquisition Involving U.S. Plants

[NVMojo]

Published: March 21, 2006
The Dubai government delayed its $1.2 billion purchase of a military equipment maker yesterday, the second time in a month that a takeover by the Middle East emirate has been jeopardized by American security concerns.

Dubai International Capital, owned by the government of the Persian Gulf emirate, said that it would delay its acquisition of the Doncasters Group, a British company that has nine plants in the United States, by as much as two months from March 31 while government agencies review the purchase.

"After what happened with Dubai Ports, the government is looking at this deal more closely," Sameer al-Ansari, Dubai International's chief executive, said in an interview.

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http://www.nytimes.com/2006/03/21/business/worldbusiness/21dubai.html?_r=1&adxnnl=1&dlbk=&oref=slogin&adxnnlx=1142953335-0UG0B5U97RU7Fa1rSYvPtg