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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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The All-New Kubota SVL110-3 in Action

Video: The All-New Kubota SVL110-3 in Action

Break New Grounds: Make short work of rugged bush, uneven ground, or a challenging job site. The new Kubota SVL110-3 is faster, stronger, and tougher than ever before thanks to increased horsepower and high-performance attachment capability. Key new features: Increased performance: It’s not just a new model. The SVL110-3 is equipped with a range of innovative new features that are designed to increase performance while maintaining operator ease and comfort. Easy maintenance and cleanouts: Save time and effort when doing maintenance: the cab can be tilted 72° without having to lift the arm, allowing easy access to the hydraulic pumps, valves, lines and hydraulic tank. The SVL110-3 has three clean outs on the bottom of the chassis and one on each side to clean out material from the loader arms area.