When Smithfield, the world's largest pork producer, announced at the end of May that it had agreed to be bought by a Chinese meat processing company, Shuanghui International, it made the US public sit up and take notice. The $4.7bn (£3.1bn) deal, which still requires regulatory approval, would be the largest takeover of a US business by a Chinese conglomerate, adding to fears among some Americans about the expansionist plans of their biggest economic rival.
July 04, 2013 at 07:07 PM
1 minute read
The original version of this story was published on Legalweek
When Smithfield, the world’s largest pork producer, announced at the end of May that it had agreed to be bought by a Chinese meat processing company, Shuanghui International, it made the US public sit up and take notice.
The $4.7bn (£3.1bn) deal, which still requires regulatory approval, would be the largest takeover of a US business by a Chinese conglomerate, adding to fears among some Americans about the expansionist plans of their biggest economic rival.
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