Dissecting Shuanghui's Big Deal with Smithfield Foods
(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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