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Farms.com Home  › Ag Industry News

Smithfield Shareholders Approve $7.1 B Deal

Sep 24, 2013

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Smithfield Shareholders Approve $7.1 B Deal

By Amanda Brodhagen, Farms.com

Smithfield Foods Inc. shareholders voted Tuesday to approve a $4.7 billion deal, to China’s Shuanghui International Holdings Ltd. Shareholders accepted the $34 per share offer.

More than 96 percent of the votes were in favor of the purchase. This will mark the largest takeover of a U.S. company by a Chinese business.

The deal has already been approved by U.S. government. The transaction is expected to go through later this week.
 

Trending Video

Season 6, Episode 1: The Pig Livability Project: Past, Present and Future

Video: Season 6, Episode 1: The Pig Livability Project: Past, Present and Future

We are kicking off a new season of the PigX Podcast discussing the history of the Pig Livability Project, the current efforts and resources used to share information with the swine industry and how the project is continuing in the months ahead. Joining us on this episode are Dr. David Rosero, assistant professor at Iowa State University, and Dr. Joel DeRouchey, professor and state extension leader at Kansas State University. They will also highlight the upcoming Second International Conference on Pig Livability, taking place on November 5–6 in Omaha, Nebraska.
 
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