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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (59750)	4/28/2006 3:07:08 AM
From: shades	of 110194

Bush Set To OK Takeover Of 9 Military Plants By Dubai-NYT (why didn't he let mexicans or chinese or africans do this?) NEW YORK (Dow Jones)--President Bush is expected Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the U.S. that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal, The New York Times reported in its Friday editions. The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said the final details had not yet been set and that Bush might put conditions on the transaction to keep military technology in the U.S., the paper reported. The plants in question are owned by Doncasters Group Ltd. (DNC.YY), a U.K. company that is being purchased for $1.2 billion from the Royal Bank of Scotland Group (RBS.LN) by Dubai International Capital, which is owned by the United Arab Emirate government. The Times reported that because the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the U.S., which sent it on to Bush for a decision, a step used only when the potential security risks or political considerations are particularly acute. Administration officials alerted Congress that the deal would go through the committee's review process in an effort to head off the kind of public debate that surrounded the ports deal. The Times reported that one official who was briefed on the Doncasters transaction said there would be provisions in the agreement protecting American military secrets. But it was unclear whether that would satisfy Congressional objections. (END) Dow Jones Newswires April 28, 2006 00:33 ET (04:33 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 12 33 AM EDT 04-28-06

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