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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.
 


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EP 72 Connection People to Place – Stories of Regeneration Part 5

Video: EP 72 Connection People to Place – Stories of Regeneration Part 5

2023 was a challenging year for Canadian farmers and ranchers and for humanity in general. We had droughts, wildfires, floods, an affordability crisis and a number of armed conflicts. According to scientists working with the European Union, 2023 smashed temperature records globally.

And yet, someone like Nova Scotia agricultural producer Rachel Lightfoot still finds ways of being optimistic even after her farm got hit by a polar vortex, a dry spring and a very rainy summer all in the same year.

Welcome to Stories of Regeneration, a podcast series brought to you by Rural Routes to Climate Solutions and Regeneration Canada. Join me, your host Derek Leahy, as we delve into the importance of supporting an agricultural system that not only prioritizes the health of our land and ecosystems but also ensures the sustainability of our farmers and ranchers. Get ready to explore the transformative power of regenerative agriculture.