GFM Network News

U.S. seen unlikely to block Chinese purchase of Smithfield

The U.S. government should soon give the go-ahead for the largest-ever Chinese acquisition of a U.S. company: a Chinese food group’s US$4.7 billion deal to buy Smithfield Foods, a person familiar with the matter told Reuters. Government approval of the purchase of Smithfield, the world’s largest pork processor, by Shuanghui International Holdings would be a […] Read more