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Covered transaction

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Definition Edit


A covered transaction is

any merger, acquisition, or takeover that is proposed or pending after August 23, 1988, by or with any foreign person, which could result in control of a U.S. business by a foreign person.[1]

References Edit

  1. 50 App. U.S.C. §2170(a)(3); 31 C.F.R. §§800.207 and 800.224.

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