US pork giant Smithfield agrees to Chinese takeover
WASHINGTON: Shareholders of US pork giant Smithfield Foods approved on Tuesday the company’s $7.1 billion purchase by China’s Shuanghui International, the largest-ever Chinese takeover of...
Us Pork
Pork takeover in US shows China’s business hunger
by AFP
BEIJING: Â A Chinese firm’s multi-billion-dollar takeover of the biggest name in US pork is the latest example of the country’s global business ambitions, analysts say...