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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.
 


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EP 72 Connection People to Place – Stories of Regeneration Part 5

Video: EP 72 Connection People to Place – Stories of Regeneration Part 5

2023 was a challenging year for Canadian farmers and ranchers and for humanity in general. We had droughts, wildfires, floods, an affordability crisis and a number of armed conflicts. According to scientists working with the European Union, 2023 smashed temperature records globally.

And yet, someone like Nova Scotia agricultural producer Rachel Lightfoot still finds ways of being optimistic even after her farm got hit by a polar vortex, a dry spring and a very rainy summer all in the same year.

Welcome to Stories of Regeneration, a podcast series brought to you by Rural Routes to Climate Solutions and Regeneration Canada. Join me, your host Derek Leahy, as we delve into the importance of supporting an agricultural system that not only prioritizes the health of our land and ecosystems but also ensures the sustainability of our farmers and ranchers. Get ready to explore the transformative power of regenerative agriculture.