China's Shuanghui Buys Pork Giant Smithfield For $4.7 Billion
May 29, 2013
A Chinese meat producer plans to buy the U.S. meat company Smithfield, the world's largest pork producer, for $4.7 billion. The Shuanghui company is enticing Smithfield's shareholders by offering $34 a share, about 30 percent more than Smithfield's current stock price.
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