Shareholders of Smithfield Foods, the world’s largest pork producer, approved on Tuesday the company’s sale to Shuanghui International Holdings, Ltd., a Chinese food giant. The sale landed approval at $4.72 billion, making it the largest-ever
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Government Extends Review of Smithfield-Shuangui Deal
By Helena Bottemiller on
The U.S. government will extend its review of the proposed sale of Smithfield Foods to Shuanghui International, which would be the largest Chinese takeover of a U.S. company, Smithfield said on Wednesday. The Virginia-based company…
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