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Farms.com Home  › Ag Industry News

Smithfield Shareholders Approve $7.1 B Deal

Smithfield Shareholders Approve $7.1 B Deal

By Amanda Brodhagen, Farms.com

Smithfield Foods Inc. shareholders voted Tuesday to approve a $4.7 billion deal, to China’s Shuanghui International Holdings Ltd. Shareholders accepted the $34 per share offer.

More than 96 percent of the votes were in favor of the purchase. This will mark the largest takeover of a U.S. company by a Chinese business.

The deal has already been approved by U.S. government. The transaction is expected to go through later this week.
 

Trending Video

SEVERE Storm Destroyed This Building... MARCH MADNESS

Video: SEVERE Storm Destroyed This Building... MARCH MADNESS

We had some intense weather roll through and it hit us hard this time. This tool shed didn’t make it through the storm, but thankfully we were able to get all of our equipment out—and even better, nothing was damaged.
 
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