US Government shutdown hits Momentive takeover

摘要

Waterford,New York-The US government shutdown has delayed the deal for the acquisition of Momentive by three Korean companies. In a filing with the US Securities and Exchange Commission,Momentive said it has agreed to extend the deadline to obtain merger clearance from the US authorities. The new deadline is 13 June 2019. If the Committee on Foreign Investment in the United States-part of the US Treasury-does not approve the deal by then,either side could walk away. When Momentive announced the plan,it expected the deal to close in the first half of 2019.