12/16/2017

'NESS SUES HNA OVER FAILED TAKEOVER'

New York : Ness technologies S.A.R.L, an American Software Engineering company, has sued-

Chinese conglomerate HNA group, accusing it of failing to adequately answer questions about-

Its ownership in a United States government review of takeovers by foreign companies, thereby causing their US$ 325 million deal to fail.

The suit is the latest case involving HNA, which has come under US and European scrutiny after a US$ 50 billion worldwide acquisition spree.

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