Chinese meat processor agrees to purchase Smithfield Foods, Inc.

Shuanghui International Holdings Ltd., a Chinese meat processor, has agreed to purchase Smithfield Foods, Inc. for approximately $4.72 billion. China is a world leader in pork consumption and already an important market for U.S. pork.

Smithfield Foods, Inc. is the world’s largest pork producer with brands including Armour and Farmland. Smithfield shareholders will receive $34 per share, which is a 31% premium over the closing stock price of $25.97 yesterday. The boards of both companies unanimously approved the purchase that is pending approval from Smithfield shareholders. The deal is expected to close in the second half of the year and is valued $7.1 billion, including debt.

Check Also

Massachusetts takes major step against pork sale restrictions

The Massachusetts House — by an overwhelming margin of 156-1 — voted to delay until …

5 comments

  1. Smithfield Foods is stupid for having ANYTHING to do with this evil country. God help us

  2. Hello; Je m’appelle Martine.
    Je suis agée de 37 années .
    Ce que je fais : surveillant pénitentiaire . Je suis plutôt d’un caractère timide.

  3. Je viens de fêter mon 35ième anniversaire. !
    Je porte le joli nom de Adélaïde.
    Mon occupation principale, chef de comptoir . Mes amies disent souvent que je suis réservée.

  4. Je suis agée de 28 ans .
    Raina à votre service
    je fais un stage pour devenir restauratrice d’oeuvres d’art .
    Mes amies racontent souvent que je suis curieuse.

  5. salut, Je suis agée de trente-trois années !
    Je m’appelle Melisande.
    Mon occupation principale, responsable de maintenance . Est-ce un défaut que d’être rigolote ?

Leave a Reply

Your email address will not be published. Required fields are marked *