IBM Predicts Success in U.S. Review of Levono Deal

International Business Machines Corp. is confident the $2.3 billion purchase of its server unit by China’s Lenovo Group Ltd. will clear a U.S. national-security review, an IBM executive said.

The companies will submit information soon on the bid to the Committee on Foreign Investment in the United States, Christopher Padilla, IBM’s vice president for governmental programs, said yesterday in an interview. The inter-agency committee led by the Treasury Department reviews foreign-company purchases of U.S. assets for national-security concerns.