The Conservative Cave

Current Events => Economics => Topic started by: Chris_ on September 08, 2013, 07:44:39 PM

Title: U.S. approves Chinese company’s purchase of Smithfield
Post by: Chris_ on September 08, 2013, 07:44:39 PM

Quote

U.S. approves Chinese company’s purchase of Smithfield

The U.S. government on Friday approved Shuanghui International Holding’s bid to buy iconic U.S. pork producer Smithfield Foods in what would be the biggest Chinese takeover of a U.S. company to date.

The merger joins Smithfield, the world’s largest pork company, with China’s biggest pork producer, in a deal valued at about $7.1 billion, including debt.

The companies said in a joint statement they had received permission from the Committee on Foreign Investment in the United States to complete the transaction, which was struck in May.

Politico (http://www.politico.com/story/2013/09/us-china-smithfield-96399.html)

Title: Re: U.S. approves Chinese company’s purchase of Smithfield
Post by: J P Sousa on September 08, 2013, 07:54:19 PM

Guess I won't be buying Smithfield products anymore. Who knows what the Chinese will put in there.


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Title: Re: U.S. approves Chinese company’s purchase of Smithfield
Post by: thundley4 on September 08, 2013, 08:01:26 PM

China could probably by the Golden Gate Bridge and the Obama Regime would give the okay.

Title: Re: U.S. approves Chinese company’s purchase of Smithfield
Post by: Lacarnut on September 09, 2013, 02:26:43 AM

Quote from: J P Sousa on September 08, 2013, 07:54:19 PM

Guess I won't be buying Smithfield products anymore. Who knows what the Chinese will put in there.

Me neither. Would not surprise me if their sales went way down.   

Title: Re: U.S. approves Chinese company’s purchase of Smithfield
Post by: JohnnyReb on September 09, 2013, 02:49:44 AM

Day mess'n wit my bacon. :mad: