Ports company will delay takeover

Firm says it will work with White House, Congress on issues

WASHINGTON (CNN) — Dubai Ports World has agreed to postpone its plans to take over management of six U.S. ports after the proposal ignited harsh bipartisan criticism on Capitol Hill.

“We need to understand the concerns of the people in the U.S. who are worried about this transaction and make sure they are addressed to the benefit of all parties,” said Ted Bilkey, the company’s chief operating officer, in a statement released Thursday night.

According to the statement, DP World will delay taking over management of the U.S. ports “while it engages in further consultations with the Bush administration and, as appropriate, congressional leadership and relevant port authorities to address concerns over future security arrangements.”

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