NEWS
Smithfield Looking to Consolidate
Thu Jun 20, 2013 09:02 AM CDT

(Dow Jones) -- Smithfield Foods Inc. (SFD) bid unsuccessfully to acquire Canada's Maple Leaf Foods Inc. (MFI.T) this spring prior to agreeing to a takeover by China's largest meat processor, according to a person familiar with the matter, highlighting the meat industry's intensifying push to consolidate amid sluggish growth in North America.

Smithfield on Tuesday said in a filing with the U.S. Securities and Exchange Commission that it submitted an offer March 25 in connection with a "potential packaged meats acquisition," which was rejected "by the target on April 10." That target was Toronto-based packaged-foods company Maple Leaf, the person ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
China Culled 20% of Hog Herd
Harrington's Sort and Cull
Bird Flu Leads to Cheaper Chicken in US
House Votes to Repeal COOL
Congress Considers COOL Repeal
Harrington's Sort and Cull
Flu Hits 3rd Post Chicken Flock in Neb.
Bird Flu Decimates Egg Supply
Canada Ready to Hit U.S. With Tariffs
Bird Flu Could Cost MN, IA $1 Billion