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Author Topic: U.S. approves Chinese company’s purchase of Smithfield  (Read 2428 times)

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Offline Chris_

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U.S. approves Chinese company’s purchase of Smithfield
« on: September 08, 2013, 07:44:39 PM »
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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.
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Offline J P Sousa

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Re: U.S. approves Chinese company’s purchase of Smithfield
« Reply #1 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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Offline thundley4

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Re: U.S. approves Chinese company’s purchase of Smithfield
« Reply #2 on: September 08, 2013, 08:01:26 PM »
China could probably by the Golden Gate Bridge and the Obama Regime would give the okay.
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Offline Lacarnut

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Re: U.S. approves Chinese company’s purchase of Smithfield
« Reply #3 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.   
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Offline JohnnyReb

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Re: U.S. approves Chinese company’s purchase of Smithfield
« Reply #4 on: September 09, 2013, 02:49:44 AM »
Day mess'n wit my bacon. :mad:
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