Caixin OnlineBusiness & IndustryTop Stories Industry Dissecting Shuanghui's Big Deal with Smithfield Foods
06.04.2013 15:20

Dissecting Shuanghui's Big Deal with Smithfield Foods

The huge purchase gives the Chinese company a range of benefits, from branding to pig breeding experience, and the U.S. firm a path to profitability
By staff reporter Shen Hu

(Shanghai) – Chinese meat processing giant Shuanghui International Holdings Ltd.'s US$ 4.72 billion acquisition of Smithfield Foods is set to become the largest Chinese investment in the United States.

The deal, announced on May 29, offered US$ 34 for each Smithfield share, a 31 percent premium of the previous day's trading price. Shuanghui also agreed to take over Smithfield's US$ 2.4 billion in debt.

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