Tag Archives: Shuahghui

Large American Pork Producer Sold to Chinese

Virginia-based pork producer Smithfield Foods (SFD.N) entered an agreement with China’s Shuanghui International for a $4.7 billion, all-cash buyout. Smithfield has been under pressure from it’s largest shareholder, Continental Grains, to break into multiple companies and increase its dividend. The meat producer opted to sell out to foreign interests. The deal will likely lead to… Read More »