📋 Tender Overview
Singapore Technologies Engineering Ltd ST Engineering today announced that the Committee on Foreign Investment in the United States CFIUS has approved the proposed acquisition by ST Engineering of all of the issued and outstanding interests of TransCore Partners LLC and TLP Holdings LLC the Proposed Acquisition.With this clearance from CFIUS ST Engineering has obtained all applicable regulatory approvals to consummate the Proposed Acquisition pursuant to the terms of the Membership Interests Purchase Agreement dated 1 October 2021 Purchase Agreement. Subject to the remaining conditions precedent under the Purchase Agreement being satisfied or waived at closing the Proposed Acquisition is expected to close in March 2022.
