Smithfield Foods to be bought by Chinese firm Shuanghui International

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Post  fshnski on Wed May 29, 2013 6:21 pm

Smithfield Foods, whose signature hams helped make it the world’s largest pork producer, is being bought by a Chinese firm in a deal that marks China’s most significant takeover of an American consumer brand.

The $7.1 billion takeover by Shuanghui International touches several sensitive fronts at once — the quick rise of Chinese investment in the U.S., the acquisition of Smithfield’s animal genetic and other technology by a country considered America’s chief global competitor, and the wisdom of giving a major Chinese food company a foothold in the U.S.

http://www.washingtonpost.com/business/economy/smithfield-foods-to-be-taken-over-by-chinese-firm/2013/05/29/a520434a-c873-11e2-9245-773c0123c027_story.html?hpid=z1

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Post  fshnski on Sun Jun 02, 2013 8:53 am

Don't worry, it's under control.

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Post  News Hawk on Sun Jun 02, 2013 12:10 pm

Don't let Congress find out about China's easy access to "pork".

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Post  News Buzzard on Sun Jun 02, 2013 12:19 pm

Isn't Capitalism grand? Razz

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Post  News Hawk on Sun Jun 02, 2013 12:46 pm

'Pity when the Chinese show America how to make an economy work.

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