Seeking Alpha

Smithfields Foods deal could show fair trade with China is back on

  • The approval by the U.S. government of the acquisition by Shuanghui International of Smithfield Foods (SFD +0.7%) signals an informal end to an U.S-China trade war, according to the South China Morning Post.
  • Though the transition of a major U.S. food producer to Chinese hands still faces some major hurdles, the deal could have a ripple effect of lightening the mood of regulators in Beijing and Washington D.C. over any new mergers.
Comments (1)
  • powerduck
    , contributor
    Comments (30) | Send Message
     
    The buy-out price is 34. But the current bid/ask are all above 34... Another bidder on the way ?
    9 Sep 2013, 03:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs