Chinese Firm Acquires Smithfield Foods

May 2013
National Hog Farmer Expert Blog;5/29/2013, p1
Blog Entry
The article reports that Chinese meat products company Shuanghui International has agreed to acquire Smithfield Foods. The agreement valued Smithfield at around 7.1 billion dollars and will entail Shuanghui assuming the net debt of Smithfield. The acquisition requires the Chinese company to acquire all of the outstanding shares of Smithfield for 34 dollars per share in cash, with the purchase price representing a premium of around 31 percent over Smithfield's stock price.


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