Smithfield Takeover Review Drags On

Jul 24, 2013

By Amanda Brodhagen, Farms.com

China’s Shuanghui International Holdings Ltd.’s takeover of Smithfield Foods Inc. is set to get another look by the U.S. foreign-investment panel. The panel will conduct a second-phase review of the proposed $4.7-billion acquisition.

The process of acquisitions involving U.S. companies by foreign enterprises, calls for a 30-day review period, after which the committee can extend the process. The Smithfield review is being extended up to another 45 days.

Despite concerns over the proposed takeover, the companies do expect to close the transaction by the second half of this year. This deal will mark the largest Chinese takeover of an American company in history.

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.