FARM BUSINESS NEWS
CFIUS Extends Review of Smithfield Deal
Wed Jul 24, 2013 10:21 AM CDT

(Dow Jones) -- Smithfield Foods Inc. (SFD) on Wednesday said the Committee on Foreign Investment in the U.S. will conduct a second-phase, 45-day review of the proposed acquisition of Smithfield by Chinese meat producer Shuanghui Group.

In May, Smithfield said it had agreed to be acquired by Shuanghui for about $4.7 billion, a deal that would mark the biggest Chinese takeover of an American company and underscores the Asian nation's renewed determination to scoop up overseas assets.

The rules governing proposed acquisitions of U.S. companies by foreign firms call for a 30-day review following notification of a potential acquisition. At ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
Senior Partners - 5
Ag Interest Rate Snapshot
Net Farm Income Falling Fast
Monsanto Calls Off Hunt
Monsanto Calls Off Hunt
Monsanto Nixes Syngenta Bid
View From the Cab
Merger Approved
Deere Reports Profit Down
Deere Reports Profit Down