Shuanghui International's $4.7B acquisition of Smithfield Foods (SFD) could be complicated by...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

Shuanghui International's $4.7B acquisition of Smithfield Foods (SFD) could be complicated by little-known and rarely tested laws in several states that ban foreign ownership of agricultural land. Smithfield's 11 slaughterhouses and meat factories in the states are probably exempt from the prohibitions, although the company's possible reliance on farm, feed or waste facilities could attract legal challenges. States with foreign-ownership restrictions include Iowa and Wisconsin.