Reuters
WASHINGTON -- President Bush approved on Friday a Dubai-owned company's $1.24 billion takeover of Doncasters, a British engineering company with U.S. plants that supply the Pentagon.
Hoping to avert the sort of controversy that erupted over another Dubai state-owned company's plan to acquire operations at U.S. ports, Bush signed off on the deal after getting company assurances that the military supply chain would not be broken, the White House said.
Posted by Richard at April 28, 2006