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China's Shuanghui International to buy Smithfield Foods for $7.1bn
2013-05-30 01:00:00| Food Processing Technology
Shuanghui International has entered into a definitive merger agreement to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt.
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Smithfield Foods Downgraded to "Neutral" at Bank of America
2013-05-30 00:12:51| Food - Topix.net
The analysts wrote, "Smithfield Foods announced this morning that the company will be acquired by Shuanghui International for $34/share, or a total value of $7.1bn which includes the assumption of $2.2bn of debt.
Tags: america
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neutral
Iowa Senator Raises Competitiveness Concerns Over Smithfield Buyout by Chinese Firm
2013-05-29 23:52:00| National Hog Farmer
Source: Office of Sen. Charles Grassley Sen. Charles Grassley (R-IA), who has led efforts in Congress to keep agricultural markets competitive for market participants and consumers, has released a statement regarding the announcement that Smithfield Foods would be purchased by Shuanghui International. The deal needs to be reviewed by the Department of Justice and the U.S. Committee on Foreign Investment (CFIUS). read more
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Smithfield Foods Sells To Chinese Hog Company
2013-05-29 20:53:00| Beef
U.S. hog and pork company Smithfield Foods has sold to a Chinese hog processor. The implications for the U.S. cattle industry are largely positive. read more
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sells
Shuanghui buying Smithfield Foods for about $4.72B
2013-05-29 15:43:04| Food - Topix.net
Chinese meat processor Shuanghui International Holdings Ltd. has agreed to take Smithfield Foods private for approximately $4.72 billion.
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