Farms.com Home   Ag Industry News

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

Episode 74: Beef Cattle and the Carbon Cycle

Video: Episode 74: Beef Cattle and the Carbon Cycle

Every living thing contains carbon, and everything – including cattle and grasslands – plays a role in the carbon cycle. In this episode, we explore how the carbon cycle works, the role beef production plays in it, and how carbon sequestration and greenhouse gas emissions affect beef producers on their farms.