CDH, Goldman-backed Chinese pork producer bids for Smithfield
Shuanghui International, a Chinese pork producer that counts CDH Investments and Goldman Sachs among its investors, has offered $4.7 billion in cash for US-based Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt, would be the largest ever Chinese takeover of a US company.
It is further evidence of Chinese interest in securing high quality food sources - as well as the technology and processes used to produce them - to meet the needs of a population that is increasingly...
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