World’s Largest Pork Producer Could be Sold to a Chinese Company
Grist - a beacon in the smog
In Smithfield, Va., on Wednesday, locals were shocked to discover that their town’s namesake, Smithfield Foods, founded in 1936 as a single meatpacking plant and now the largest pork producer in the world, is poised to be sold to Chinese meat company Shuanghui International. If approved by federal regulators, the $4.7 billion deal would be the biggest takeover in history of an American company by a Chinese one. Details here.
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