The Commerce Department issued the final results of the antidumping duty administrative review on diamond sawblades from China (A-570-900). AT&M's AD rate remained at zero, which means Commerce will direct CBP to liquidate entries of merchandise from AT&M without regard to AD duties, and will not collect a cash deposit on such entries until further notice. Commerce is in any case revoking the AD order for AT&M pursuant to a March Section 129 determination (see 13032716 and 13032902), but hasn't publicly announced an effective date. The new rates are effective June 17, and will be implemented by CBP soon.
Dish Network extended its tender offer of $4.40 per share for Clearwire stock until July 2 unless it is extended further. It was previously scheduled to expire June 28 (CD May 31 p9). Colbent Corp., the depository for the tender offer, advised that, as of June 11, “approximately 245,411 shares of common stock of Clearwire were validly tendered and not validly withdrawn from the tender offer,” Dish said in a news release Wednesday (http://bit.ly/13HoIoE). Clearwire recommended that stockholders accept Dish’s cash tender offer (http://bit.ly/12qn9PD). Sprint said it’s evaluating Clearwire’s statement and it will review any corresponding filings before determining its next steps. The wireless company “continues to have every intention of enforcing its governance rights,” it said in a press release (http://bit.ly/11ccQgj). Sprint filed an investor presentation that provides additional details on the due diligence process by Sprint’s special committee on Dish’s preliminary proposal to buy Sprint, Sprint said in a press release (http://bit.ly/19vC0LA). It also outlined its amended merger agreement with SoftBank, “which provides investors with additional cash consideration of $4.5 billion at closing,” it said. The presentation outlines what it said is the significant value provided to Sprint stockholders through the transaction.
A listing of recent antidumping and countervailing duty messages from the Commerce Department posted to CBP's website June 12, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
House Communications Subcommittee Chairman Greg Walden, R-Ore., said “all options remain on the table” with regard to the repeal, reauthorization or revision of the Satellite Television Extension and Localism Act, Wednesday during the Subcommittee’s second hearing on STELA this year. The House and Senate Commerce Committees share jurisdiction over STELA with the House and Senate Judiciary Committees, which haven’t held a hearing on the issue this year. Provisions of the 25-year-old law are to expire in December of 2014.
The Commerce Department issued the final results of the antidumping duty administrative review on seamless refined copper pipe and tube from China (A-570-964). The agency made no changes from its preliminary results, continuing to find dumping by Hailiang and a zero AD rate for Golden Dragon. As such, Commerce will direct CBP to liquidate entries of merchandise from Golden Dragon without regard to AD duties, and will not collect a cash deposit on such entries until further notice. The new rates are effective June 12, and will be implemented by CBP soon.
The Commerce Department issued the final results of the antidumping duty administrative review on seamless refined copper pipe and tube from Mexico (A-201-838). The agency made changes from its preliminary results, but continued to find a zero AD rate for Nacional de Cobre, S.A. de C.V. (Nacobre), as well as GD Affiliates S. de R.L. de C.V. and its affiliate Hong Kong GD Trading Co., Ltd. (Golden Dragon). As such, Commerce will direct CBP to liquidate entries of merchandise from Nacobre and Golden Dragon without regard to AD duties, and will not collect a cash deposit on such entries until further notice. The new rates are effective June 12, and will be implemented by CBP soon.
The Commerce Department issued the final results of the antidumping duty administrative review on circular welded non-alloy steel pipe from Korea (A-580-809). Changes to the preliminary results raised Hyundai HYSCO's rate above zero, but lowered Husteel's AD rate. The new rates are effective June 12, and will be implemented by CBP soon.
The Commerce Department issued the final results of the antidumping duty administrative review on polyethylene terephthalate (PET) film from China (A-570-924). AD rates rose for most companies, but Green Packing's rate remained at zero, which means Commerce will direct CBP to liquidate entries of merchandise from Green Packing without regard to AD duties, and will not collect a cash deposit on such entries until further notice. The new rates are effective June 12, and will be implemented by CBP soon.
The Commerce Department published notices in the June 11 Federal Register on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms, or effective dates will be detailed in another ITT article):
The Commerce Department issued the final results of the antidumping duty administrative review on wooden bedroom furniture from China (A-570-890). The agency made no changes from its preliminary results, continuing to find mandatory respondents Maoji and Huansheng part of the China-wide entity to punish their alleged lack of cooperation. Commerce also said six companies will maintain their AD rates from previous reviews because they had no shipments.1 The new rates are effective June 12, and will be implemented by CBP soon.