The deal between Smithfield Foods and Shuanghui International may face legal challenges as Midwest states prohibits foreign ownership over agricultural lands.
Tags: Smithfield Foods Inc.
Shuanghui taps Goldman Sachs, Morgan Stanley, other banks in preparation for USD6 billion IPO
Thomson Reuters publication IFR earlier reported that Morgan Stanley, Goldman Sachs and Standard Chartered were among the banks hired by Shuanghui International Holdings in its upcoming IPO.
Shuanghui acquisition of Smithfield a go, gets shareholder approval
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
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.
Shareholder Starboard Value LP votes no on Smithfield sale
US investment firm Starboard Value LP voiced his opposition of the Smithfield Foods Inc.'s takeover bid by Shuanghui International Holdings Ltd. in a letter addressed to his co-shareholders on Tuesday.
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The acquisition of Smithfield Foods Inc. by a Chinese company has raised contradictions in the US over its benefits.
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