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Feb 25, 2006

Takeover - USA - Dubai Firm May Delay Ports Takeover Deal

Administration, Under Criticism, Scrambles to Gain Support

USA -TTNews/Washington Post -24 Feb 2006: -- The United Arab Emirates company seeking to take over management of six U.S. ports offered late Thursday to delay part of its $6.8 billion deal as the Bush administration said it would agree to a delay for the deal, which is facing intense political opposition... The move by international ports-management firm Dubai Ports World may give the administration to try to sway the takeover plan’s many critics — who range from local to state to federal lawmakers of both major political parties — that the planned deal does not present an avenue for terrorists, reported....

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