Economics

Smithfield agrees to buyout by China’s Shuanghui

Smithfield agrees to buyout by China’s Shuanghui (via AFP)

Shareholders of US pork giant Smithfield Foods approved on Tuesday the company’s $7.1 billion purchase by China’s Shuanghui International, the largest-ever Chinese takeover of a US company. “This is a great transaction for all Smithfield stakeholders…

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