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Smithfield Shareholders Approve $7.1 B Deal

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

Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

Video: Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

#CortevaTalks brings you a short update with Cereal Herbicides Category Manager, Alister McRobbie, on how to get the most out of Broadway® Star.

Significant populations of grassweeds, including ryegrass and brome, can threaten winter wheat yields. Spring applications of a contact graminicide, such as Broadway Star from Corteva Agriscience, can clear problem weeds, allowing crops to grow away in the spring.

Broadway Star (pyroxsulam + florasulam) controls ryegrass, sterile brome, wild oats and a range of broad-leaved weeds such as cleavers. It can be applied to winter wheat up until GS32, but the earlier the application is made, the smaller the weed, and the greater the benefit to the crop. Weeds should be actively growing. A good rule of thumb is that if your grass needs cutting, conditions are right to apply Broadway Star.

 

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