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Smithfield Foods (SFD) is close to selling itself to China's Shineway, according to a WSJ...

Smithfield Foods (SFD) is close to selling itself to China's Shineway, according to a WSJ report. A deal would land in the $4.5B to $5B range to mark a 25% to 30% premium over Smithfield's closing yesterday. SFD +23.2% premarket to $31.99.
Comments (3)
  • Calpha Male
    , contributor
    Comments (42) | Send Message
     
    Does China want America's pork because so much of theirs floated downriver to Shanghai? Did we ever get an environmental explanation for what happened in China to so much pork? And what can we expect to happen with Smithfield's ability to deal with environmental issues in the states for this horrendously messy industry? Be careful what you wish for American investors.
    29 May 2013, 09:42 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1029) | Send Message
     
    Get set and ready for dead pigs floating down the Mississippi river
    29 May 2013, 12:04 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3582) | Send Message
     
    The Chinese do so well in the pork business. Witness AgFeed. Stellar company.
    29 May 2013, 12:19 PM Reply Like
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