Block buyout of Smithfield Foods by Chinese firm

  • by: DOUG PETERSON
  • Updated: August 3, 2013 - 7:57 AM

Shuanghui International, a well-heeled Chinese firm, has offered to buy Smithfield Foods Inc. for $7.1 billion. Currently, Smithfield controls 26 percent of U.S. pork processing and 15 percent of hog production.

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