China’s Shuanghui agrees to buy Smithfield Foods for $4.7B

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RICHMOND, Va. — Shuanghui International Holdings Ltd. has agreed to buy Smithfield Foods Inc. for approximately $4.72 billion, the largest acquisition of a U.S. company by a Chinese company. The deal would take the world’s biggest pork producer private.
Hong Kong-based Shuanghui owns a variety of global businesses… …read more
Source: NY Post

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