Goldman Sachs (GS) is out of one of the year's bigger deals, not getting a promised piece of the...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) is out of one of the year's bigger deals, not getting a promised piece of the Smithfield acquisition after Smithfield learned of the investment bank's stake in acquirer, Shuanghui International. Lloyd Blankfein has said conflicts are a way of life in the business, but Goldman manages them just fine. Smithfield advisor Barclays (BCS) stands to reap a big windfall on the deal.