CFIUS approves Shuanghui acquisition of Smithfield Foods
The Committee on Foreign Investment in the United States (CFIUS) has cleared the way for PE-backed Chinese pork producer Shuanghui International to buy US counterpart Smithfield Foods, overcoming one of the biggest hurdles to the $4.7 billion deal.
Approval from Smithfield's shareholders is still required. This is expected to come at a special meeting on September 24, a statement said, after which the transaction will formally close. "This transaction...
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