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
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Tyson to Shed Three Plants
Harrington's Sort and Cull
Black Eyes
Tyson Wins Hillshire Battle
Harrington's Sort and Cull
Brazilians' Meat Ambitions
Hillshire Plans Talks
Poultry Industry Roaring Back
Tyson Offers $6.1B for Hillshire Brands
Pilgrim's Seeks to Buy Hillshire