More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
Tags: Shuanghui International
China's Shuanghui nears shareholder approval for Smithfield acquisition-sources
Sources told Reuters that shareholders of Smithfield Foods Inc was close to approving the Chinese company's USD 4.7 billion offer.
Shuanghui's US$4.7 billion bid for Smithfield Foods raises US$5 billion
Shuanghui International's US$4.7 billion bid for Smithfield Foods raised an additional US$5 billion from international banks.
Smithfield CEO: No company changes after China deal
C. Larry Pope said that there would not be any change in management following the US$4.7 billion takeover deal of Smithfield Foods Inc by Shuanghui International.
Smithfield CEO feels heat at Senate inquiry
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
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CEO for Smithfield Foods Inc., Larry Pope can get a hefty US$46.6 million payment from merger-related transactions.
The deal between Smithfield Foods and Shuanghui International may face legal challenges as Midwest states prohibits foreign ownership over agricultural lands.
Shuanghui Int'l buys Smithfield Foods through loan facilities provided by Morgan Stanley and the Bank of China.
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