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He remained as CEO until 2006 and as chairman until the company was sold to WH Group in 2013. [23] His son, Joseph W. Luter IV, became an executive vice-president of Smithfield Foods in 2008 and president of the Smithfield Packing Company, by then the parent company's largest subsidiary. [24] He resigned in October 2013. [23]
One of the bigger acquisitions of the year is getting a negative review from a major shareholder. Smithfield Foods Inc. (NYSE: SFD) has agreed to be acquired by China's Shuanghui International ...
The activist hedge fund operator that had opposed the sale of pork producer Smithfield Foods to a Chinese meat processor said it can't cobble together a deal that would supersede the one received.
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 ...
Smithfield Foods Inc. (NYSE: SFD) is seeing its shares surge this morning on news that it has received a big premium buyout offer. A Chinese firm called Shuanghui International Holdings, which is ...
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
Smithfield does still hold about 85,000 acres of farmland, but Smith said the decision to sell of about 45,000 acres was made to help reduce the company's costs and streamline operations — not ...
Beatrice Foods' brands were sold off over the late 1980s, culminating in 1990 with the sale of many of its brands, including Eckrich, to ConAgra. ConAgra sold Eckrich to Smithfield Foods on October 2, 2006. [3] All 11 of Peter's children worked delivering meat for the company.