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.
- Policymakers Rush to Slam Brakes on Private Investment Slowdown
- China's Economy Needs Private Sector Support
- CIC Announces Appointment of Shanghai Vice Mayor as General Manager
- Maiden Flight
- China's Bullet Train Export Hopes Hit a Wall
- Forex Woes Force Qihoo to Extend Privatization Deadline
- Shanghai Cracks Down on Illegal Capital Flight
- Unseen Opportunities Created by 'Brexit'
- Points to Ponder when Building China's Future Megalopolis
- Closer Look: Putin's Latest State Visit Highlights Mutual Interests with China
- Sign up to receive our free daily newsletter
- Brexit: The View from China
- China Seeks Assurances Against Possible Debt Default by Venezuela
- Senior Ideologue Kills Self over Party Infighting
- Sexually Abused Teens: China's Tragic Taboo
- Chinese High Speed Rail Builder Doubts U.S. Partner's Sincerity
- Substandard Running Tracks Sicken China's Children
- Lessons from South Korea for China's Economic Rebalancing Act
- Investor Pain over Mobile Medical App Strain
- Intensifying Battle over Who Controls Vanke
- Two Top Chinese Steel Makers to Reorganize, May Merge