Stricter Exon-Florio Process Expected After Ports Flap.(Dubai Ports World acquires Peninsula & Oriental Steam Navigation Co.)

Required filings by inbound buyers and a clearer definition of national security could emerge as a result of the controversial deal Significant strengthening of the federal mechanism for monitoring foreign investment in the United States is expected to grow out of the emotion-charged controversy over Dubai Ports World's acquisition of U.K.-based Peninsula & Oriental Steam Navigation Co. (P&O). The battle royal, punctuated by lawsuits and a barrage of legislative proposals in Congress, flared because the $6.9 billion deal, as originally structured, would have given DP World, headquartered in the United Arab Emirates, P&O's contracts to manage facilities at six major American …