Farms.com Home   Ag Industry News

Smithfield Foods Shareholders to Vote on Chinese Takeover

Smithfield Foods Shareholders to Vote on Chinese Takeover

By Amanda Brodhagen, Farms.com

Smithfield Foods investors will vote Tuesday on the company’s sale to a Chinese company – Shuanghui International Holdings Ltd.

The pending $7.1 billion purchase would offer $34 per-share for Smithfield shareholders. If approved by investors, the transaction will take effect on Thursday. If the deal is approved, it would be the largest acquisition of a U.S. business by a Chinese company.

If shareholders approve the takeover, Smithfield will become a private company, which will mean less public disclosure on certain items such as audited financial statements. The company will still have to submit tax returns and federal government regulations.  Analysts say that they think the transaction will go.
 


Trending Video

A new era in biostimulants and bionutritionals

Video: A new era in biostimulants and bionutritionals


In response to the growing need for efficient, effective biosolutions, HGS BioScience continues to expand its footprint in the bionutritional and biostimulant market with the acquisition of NutriAg, Ltd. The Paine Schwartz Partners-backed HGS BioScience is a global leader in humic and fulvic acid products. Toronto-based NutriAg is an innovator in bionutritional technologies with a deep R&D engine. North American growers and retailers will benefit from:

• Solutions across the biostimulant spectrum - including humics, fulvics, bionutritionals, carbohydrate chelation, amino acids, plant and seaweed extracts, and microbial technologies.
• A portfolio and R&D pipeline of science-backed solutions proven to drive crop productivity and farm profitability.
• Actionable nutrient insights and recommendations based on data specific to their farm and cropping goals with the NutriAnalytics platform