RICHMOND, Va. (AP) — Chinese meat processor Shuanghui International Holdings Ltd. has agreed to buy Smithfield Foods Inc. for approximately $4.72 billion in a deal that will take the world’s biggest pork producer private.Hong Kong-based Shuanghui owns a variety of global businesses that include food, logistics and flavoring products and is China’s largest meat processing enterprise. Smithfield owns brands such as Armour, Farmland and its namesake.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=88739