FARM BUSINESS NEWS
Smithfield Shareholders OK Deal
Wed Sep 25, 2013 05:23 PM CDT

(Dow Jones) -- Smithfield Foods Inc. shareholders have approved the pork processor's $4.7 billion acquisition by Shuanghui International Holdings Ltd., the biggest purchase of a U.S. company ever by a Chinese firm.

At a special Smithfield shareholder meeting Tuesday, more than 96% of votes cast were in favor of the deal, representing about 76% of the company's total shares outstanding as of the record date for the special meeting. The deal is expected to be completed by Thursday.

"We are pleased with the outcome of today's vote and thank all of our shareholders for their support," said Chief Executive C. ...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Senior Partners - 4
Year-End Tax Panic
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Klinefelter: By the Numbers
Automating the Farm Workload
Pillars of Leadership
Minding Ag's Business