Cosco Shipping Holdings Co.’s takeover of rival Orient Overseas International Ltd. has received the blessing of a U. S. national-security review body, removing a major overhang of the $6.3 billion deal.
Cosco Shipping Holdings Co.’s takeover of rival Orient Overseas International Ltd. has received the blessing of a U. S. national-security review body, removing a major overhang of the $6.3 billion deal.
CFIUS doesn’t have any outstanding “unresolved national security issues” related to the takeover, after the companies signed an agreement with the U. S. departments of Homeland Security and Justice regarding the proposed divestment of the Long Beach terminal, the companies said in a joint statement.
