June 22, 2007 (LPAC)--BAE Systems, part of the international BAE group now exposed as a multi-billion dollar dirty tricks fund, conducted a maneuver this week, to gain more time to try to withstand anti-trust scrutiny, in its attempt to acquire the U.S. armament company, Armor Holdings. All the while that more of the BAE scandal has been exposed in recent days, the clock has been ticking on the time period required for Federal anti-trust authorities to review the proposed takeover of Armor Holdings, by BAE, under the governing law referred to as HSR--"Hart, Scott, Rodino Antitrust Improvements Act of 1976" (as amended). The BAE maneuver was disclosed in the June 21 filing by Armor Holdings to the Securities and Exchange Commission, included in its relevant "events," disclosure: "On June 18, 2007, with Armor's consent, BAE Systems voluntarily withdrew its HSR filing, and refiled in order to extend the initial HSR review period. Armor continues to expect the Merger to close during the third quarter of 2007."
What is implied, is that BAE has problems with this particular attempted acquisition.
The same June 21 SEC filing by Armor Holdings, also reported on the BAE success in having a U.S. Federal "foreign investment" investigation called off this week. This follows a pattern, associated with interventions by Dick Cheney, of squashing investigations and protecting BAE. The verbatim text of the June 21 filing on this cancellation reads, in full:
"On June 21, 2007, the United States Department of the Treasury notified Armor Holdings, Inc., a Delaware corporation ("Armor"), that the Committee on Foreign Investment in the United States ("CFIUS") completed its review of the proposed merger (the "Merger") of Jaguar Acquisition Sub, Inc., a Delaware corporation ("Merger Sub") and a wholly-owned subsidiary of BAE Systems, Inc., a Delaware corporation ("BAE Systems"), with and into Armor pursuant to an Agreement and Plan of Merger ("the Merger Agreement") among Armor, BAE Systems and Merger Sub, dated as of May 7, 2007. CFIUS determined that there were no issues of national security to warrant an investigations under the Exon-Florio Amendment. Therefore, CFIUS oncluded action under the Exon-Florio Amendment with respect to the Merger."
The SEC June 21, 2007 filing by Armor Holdings, Inc. is available on:
http://www.sec.gov/Archives/edgar/data/845752/000095013607004319/file1/htm