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China-Backed Firm Escapes Breakup Fee in Lattice Deal

The Wall Street Journal

15 Sep 2017

On the recommendation of CFIUS, President Trump rejected Canyon Bridge Capital’s bid to purchase Lattice Semiconductor Corp. According to partner John P. Carlin in The Wall Street Journal article “China-Backed Firm Escapes Breakup Fee in Lattice Deal,” the denial could have a negative impact on future deals the Chinese company hopes to make.

“It’s the buyer that has the greater risk,” he said. “For a future acquisition, if you’re considering a buyer you know is one that CFIUS had serious concerns about, you might go with a lower, less risky bid or stricter terms as to reverse termination fees.”

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