http://online.wsj.com/article/SB10001424127887324577304579058770192856300.html
Updated September 6, 2013, 6:52 p.m. ET U.S. Security Panel Approves Smithfield Takeover By WILLIAM MAULDIN A key U.S. committee approved the $4.7 billion purchase of Smithfield Foods Inc. SFD -0.12% by Shuanghui International Holdings Ltd., the last major obstacle in what's expected to be the biggest purchase of a U.S. company ever by a Chinese firm. The Committee on Foreign Investment in the U.S., which reviews the national security risks of foreign acquisitions, gave the deal clearance at the end of an extended 45-day investigation, Smithfield and Shuanghui said in a statement Friday. U.S. lawmakers and other critics have warned that such a large pork acquisition raises questions about the safety of the U.S. food supply, given the poor record of Chinese meat producers and China's hunger for massive food imports. Some called for the Department of Agriculture and the Food and Drug Administration to join CFIUS's deliberations formally. [snip] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
