Smithfield gets US security OK for Chinese takeover

GMT 22:57 2013 Friday ,06 September

Arab Today, arab today Smithfield gets US security OK for Chinese takeover

Arab Today

The takeover of US pork giant Smithfield Foods by China's Shuanghui International Holdings has received approval from a key US national security review, the two announced Friday. The high-level Committee on Foreign Investment in the United States has approved the $7.1 billion deal, which would put the Chinese company in control of the world's largest swine grower and pork processor, they said.

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