Smithfield Foods, makers of ham products under a variety of brand names, is being purchased by Chinese food maker Shuanghui International for $4.72 billion.
May 30, 2013 It isn't clear yet whether U.S. regulators will approve the takeover of the iconic American company by China's Shuanghui International. There are concerns that Shuanghui could ratchet up production to feed the growing demand for meat in China.
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