With all the hysterical talk about slowing takeovers with legislation, about curbing the spread of junk bond acquisitions and foreign buying of U.S. assets, few people seem aware that our current tax code--passed by Congress and approved in general by the business community--provides a huge bounty to people whether Americans or foreigners, who want to take over companies.
In an increasingly globalized market, mergers and acquisitions with an international component are routine, and most foreign purchases of American business assets will raise no national security issues.