China’s Largest Meat Processor, Shuanghui International, Takes over World’s Largest Pork Producer, Smithfield Foods In Record $4.72 Billion Deal

http://www.dailymail.co.uk/news/article-2334460/Virginia-hocks-Ham-Capital-World-China-snaps-leading-pork-producer-record-4-72-billion.html

Virginia hocks ‘Ham Capital of the World’ as China snaps up leading pork producer for record $4.72 billion

  • Smithfield Foods, the world’s largest producer of pork, has agreed to be acquired by China’s largest meat processor, Shuanghui International, in the largest takeover of a US company by a Chinese firm in history
  • Locals in the small Old Dominion town of Smithfield ponder their fate now that a foreign company will purchase the company on which their community is built

By AP REPORTER

PUBLISHED: 15:00 EST, 1 June 2013 | UPDATED: 15:18 EST, 1 June 2013

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Posted on June 2, 2013, in Economy / Finance and tagged , , , , , . Bookmark the permalink. Leave a comment.

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