December 6, 2019

December 05, 2019

Subscribe to Latest Legal News and Analysis

December 04, 2019

Subscribe to Latest Legal News and Analysis

December 03, 2019

Subscribe to Latest Legal News and Analysis

CFIUS Filing Clearance: Wieland-Werke AG and Global Brass and Copper Holdings

Status:  Clearance

Acquirer:  Wieland-Werke AG (Germany) 

Acquired:  Global Brass and Copper Holdings, Inc. (US) 

Value:  US$965 million 

Industry:  Metals

On July 1, 2019, Global Brass and Copper Holdings, Inc., a producer of sheet, strip, foil, rod, tube and fabricated metal component products, announced that “[t]he Committee on Foreign Investment in the United States (‘CFIUS’) has concluded its review under Section 721 of the Defense Production Act of 1950, as amended, of the transaction contemplated by the Agreement and Plan of Merger (the ‘merger agreement’), dated as of April 9, 2019, by and among Global Brass and Copper Holdings, Inc. (the “Company”), Wieland-Werke AG (“Wieland Group”), Wieland Holdings, Inc. and Elephant Acquisition Corp., and determined that there are no unresolved national security concerns with respect to the proposed transaction.” (Global Brass and Copper Holdings, Inc., Form 8-K, July 1, 2019, SEC Filing.)  “Wieland-Werke Aktiengesellschaft is a German stock corporation and leading supplier of semi-finished copper and copper alloy products.” (Global Brass and Copper Holdings, Inc., Schedule 14A, May 10, 2019, SEC Filing.)  Under the merger agreement, dated April 9, 2019, the parties had to submit “a draft joint voluntary notice to CFIUS . . . within fifteen (15) Business Days” of the agreement (by April 30 ,2019).   (Agreement and Plan of Merger, Section 5.5(f), Global Brass and Copper Holdings, Inc., Form 8-K, Ex-2.1, Apr. 11, 2019, SEC Filing.)

© Copyright 2019 Squire Patton Boggs (US) LLP

TRENDING LEGAL ANALYSIS


About this Author

We employ a comprehensive approach when it comes to our International Trade practice. We focus on global import and export compliance, international trade policy and market access and trade remedies/defense. Our lawyers practice international trade law in almost every country where we have an office, and our full-time practitioners operate out of our Washington DC, London and Brussels offices.

We offer a “one-stop” service encompassing international trade compliance and policy acumen to make necessary judgments while operating effectively in a...

202-626-6234