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

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

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.