GFM Network News

Chinese packer to buy U.S. pork giant Smithfield

China’s Shuanghui International agreed on Wednesday to buy Smithfield Foods for US$4.7 billion in cash, in a deal that will increase the flow of U.S.-made pork to the world’s largest consumer of the meat. The agreement comes after Smithfield’s largest shareholder agitated for change at the company, including a call to break up the Virginia-based […] Read more