Posted inBusiness

Smithfield Foods Shareholders Approve Chinese Purchase

[Los Angeles Times] Shareholders of Virginia-based pork producer Smithfield Foods Inc. approved a $4.7 billion takeover by Chinaโ€™s Shuanghui International Tuesday, clearing the last major hurdle for a deal that would mark the largest purchase of an American company by a Chinese firm. More than 96% of votes went in favor of the sale, which was announced […]

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