Smithfield Foods (SFD) confirms it sold itself to Shuanghui International for $34 per share in a...


Smithfield Foods (SFD) confirms it sold itself to Shuanghui International for $34 per share in a deal valued at $7.1B. The transaction is slated to close in the second half of 2013 after regulators weigh in. SFD +25.9% premarket to $32.70.

Comments (5)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    China has had import restrictions on our food for years.....now they want it....I hope this does not pass congressional muster...but money talks..and the Chinese have a lot of ours to spread around...
    29 May 2013, 07:48 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    No way regulators give this a green light
    29 May 2013, 08:19 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (1207) | Send Message
     
    A U.S. company would not be able to buy a Chinese food company.
    29 May 2013, 08:55 AM Reply Like
  • powerduck
    , contributor
    Comments (44) | Send Message
     
    what would happen if regulators give this the thumbs down?
    29 May 2013, 12:30 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    Smithfield shops itself to a US or European company.
    29 May 2013, 12:50 PM Reply Like
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