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Smithfield Foods Inc. (NYSE: SFD) has agreed to be acquired by China's Shuanghui International Holdings Ltd. for about $7.4 billion, or $34 a Activist Investor Objects to Smithfield Chinese ...
The company's shares went on sale for $20 and dipped less than a dollar in trading Tuesday before finishing close to the offering price, generating about $522 million for the Smithfield, Virginia ...
The deal was the largest ever takeover of a U.S. company by a Chinese company, [3] roughly doubling the number of US jobs tied to direct investment by China. [6] Smithfield ceased to be publicly traded at the deal's completion. [3] In July 2013, Shuanghui announced its plan to list Smithfield on the Hong Kong Stock Exchange after completing the ...
At one time, the company operated 132 company-owned farms and 109 contract farms in the state of Missouri, in addition to a leased farm and eight feed mills. [8] In July 2021, the company closed its original slaughter plant in Smithfield, Virginia. [8] [9] In February 2023, Smithfield Foods closed its meatpacking plant in Vernon, California ...
Joseph W. Luter III began his expansion of Smithfield in 1981 with the purchase of its main competitor, Gwaltney of Smithfield, for $42 million. [20] This was followed by the acquisition of almost 40 companies in the pork, beef, and livestock industries between 1981 and around 2008, [26] including Esskay Meats/Schluderberg-Kurdle in Baltimore, Valley Dale in Roanoke, [20] and Patrick Cudahy in ...
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The Virginia General Assembly passed a statute defining "Smithfield ham" by law in 1926, with one of the requirements that it be processed within the town limits. Smithfield Foods, a Chinese Fortune 500 company that owns Smithfield Packing Company and others, is the world's largest pork processor and hog producer. The company, based in ...
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