Dubai’s $1.2 Bln Bid for U.S. Weapons Maker Delayed

Is this “stuck on stupid” or what? Selling out a firm that manufactures military equipment to a Dubai outfit?

Dubai, which agreed this month to sell its interest in U.S. ports, said its $1.2 billion takeover of a U.K. company with U.S. plants that make military equipment is delayed while the authorities investigate security concerns.

Security concerns? DUH! I wonder what their first clue was on this one?

Dubai International Capital LLC, which is owned by the government of the Persian Gulf emirate, and Doncasters Group Ltd. agreed to delay the transaction by as many as two months from March 31 while government agencies review the purchase, Sameer Al Ansari, Dubai International’s chief executive, said in an interview today.

Delay the transaction? How about torpedoing the deal?