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Secretive U.S. panel eyes China's Smithfield deal
2013-06-09 09:15:30| Food - Topix.net
The fate of a Chinese company's controversial $4.7 billion purchase of U.S. pork giant Smithfield Foods could rest in the hands of a secretive and powerful government panel little known outside Washington.
Tags: eyes
deal
panel
smithfield
Most-Asked Question at World Pork Expo: What About the Smithfield Sale?
2013-06-08 15:22:00| National Hog Farmer
Its probably not surprising that the question that came up most often in pork producer conversations at World Pork Expo involved speculation about the implications of the sale of Smithfield Foods to Henan Shuanghui of China. In case you missed it, Steve Meyer, Paragon Economics, Inc., addressed this very question in the June 3 issue of the National Hog Farmer Weekly Preview newsletter. As Meyer points out, the sale of a company that owns around 970,000 sows and eight packing plants definitely qualifies as news. The discussion about the sale has not been limited to World Pork Expo. Many economists and media outlets are also analyzing the potential outcome of this sale. If the proposed acquisition of Smithfield is approved, it would be the largest acquisition of an American company by a Chinese company in history. National Hog Farmer Blog read more
Tags: world
question
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expo
SEC freezes trader's assets amid Smithfield insider-trading probe
2013-06-06 23:35:51| Food - Topix.net
U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese meat company was buying Smithfield Foods Inc. The Securities and Exchange Commission said on Thursday that Badin Rungruangnavarat, 30, may have ... (more)
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assets
probe
traders
Court freezes assets of Thailand trader accused of profiting ahead of Smithfield ...
2013-06-06 19:30:55| Food - Topix.net
A U.S. court has frozen the assets of Thailand trader accused of profiting from advance knowledge of a Chinese company's plan to acquire Smithfield Foods.
Senator says Smithfield deal has food safety implications
2013-06-06 06:01:57| Food - Topix.net
Stocks fell on Wednesday amid concern central banks' easy money policies to rescue the weak economy may not be enough for markets to extend this year's gains.
Tags: food
safety
deal
implications
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