date:Jun 04, 2013
a growing demand for US-produced pork.
As announced last Wednesday, here's what the Smithfield deal tells us: China has the ability to pay for big deals
Under the agreement announced last Wednesday, Shuanghui is paying $4.72 billion in cash and assuming $2.38 billion in debt to acquire Smithfield, the world's largest hog farmer and pork processor. The two companies did not offer details on how Shuanghui financed the acquisition. Reuters, citing people familiar with the matter, reported that B