US-based Smithfield Foods raises around 15 million pigs a year and processes 27 million, producing over six billion pounds of pork. In May 2012, Chinese meat company Shuanghui International made a US$4.7 billion offer for the company.
On the face of it, an initial public offering for WH Group, the world’s biggest pork company, should have been an easy sell.Saturday, 26 April, 2014, 12:33am
The United States and Britain have emerged as the bright spots for overseas Chinese investments lately, while China's investment in the rest of Europe has waned.4 Nov 2013 - 6:54am
Shuanghui International, China’s largest meat processor, plans to import more pork from pigs not fed ractopamine, a controversial food additive, from its new unit Smithfield Foods, the biggest pig farmer in the United States, executives said on Thursday.10 Oct 2013 - 4:01pm
Smithfield Foods shareholders have voted in favour of Shuanghui International's US$4.7 billion deal, approving the largest Chinese purchase of a United States company.25 Sep 2013 - 4:15am
Shuanghui International is close to securing shareholder approval for its US$4.7 billion offer for Smithfield Foods - which would be the biggest purchase of a US company by a Chinese firm - three people familiar with the matter said.19 Sep 2013 - 4:01am
Smithfield Foods won national security clearance for its proposed US$4.7 billion sale to a Chinese meat processor, overcoming one of the biggest obstacles to a takeover.8 Sep 2013 - 4:36am
The US government should soon give the go-ahead for the largest ever Chinese acquisition of a US company: a Chinese food group’s US$4.7 billion deal to buy Smithfield Foods, a person familiar with the matter told Reuters.7 Sep 2013 - 2:09am 1 comment
The US government is unlikely to block Chinese meat company Shuanghui International’s US$4.7 billion deal to buy Smithfield Foods on national security grounds, one person familiar with the matter told Reuters.
The deal, if approved, would be the largest ever acquisition of a US company by a Chinese firm.5 Sep 2013 - 1:03pm
One of US pork producer Smithfield Foods' largest shareholders said yesterday that it plans to vote against a proposed takeover by China's largest meat producer because it wants more time to seek other offers that would provide greater shareholder value.4 Sep 2013 - 3:17am
The biggest Chinese takeover of a US company - Shuanghui International's US$4.7 billion bid for top pork producer Smithfield Foods - encountered another hurdle last week, but progress in bilateral talks last month offers hope that such problems could one day be a thing of the past.5 Aug 2013 - 4:02am