NEWS
Smithfield Shareholders OK Deal
Tue Sep 24, 2013 09:23 AM 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
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
DTN's Livestock Quick Takes
The Market's Fine Print
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock