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 Chinese purchase of a U.S. company. The deal will likely close on Thursday. In July,
Continue Reading Smithfield Shareholders Approve Sale to China's Shuanghui

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 said the Committee on Foreign Investment in the United States (CFIUS), the interagency group charged
Continue Reading Government Extends Review of Smithfield-Shuangui Deal