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[CNA] China's largest pork producer Shuanghui International Holdings methods of preserving foods Limited agreed to about $ 4.72 billion acquisition of the American company Smithfield Foods to enhance the supply of Chinese pork consumption in the world's largest country. Henan Shuanghui Shuanghui Investment & Development Co., Ltd. is the parent company in a joint statement today and Smithfield Foods (Smithfield Foods Inc.) published said it would pay $ 34 per share to buy the company, based in Virginia Smith Rumsfeld (Smithfield) meat producers, and yesterday's closing price premium of 31% compared to. Smithfield shareholders Kang Grain Company (Continental Grain Co.) in recent months has been urging meat producers this change. Kang cereals March in the letter argued that Smithfield should methods of preserving foods consider split into three utilities: a sell pork and packaged meat, the other a run farms, the last one located outside the United States, because of a loss The livestock industry is hurting again and again reward. Before Kang cereals request Smithfield underperformed over the past year Hormel Foods Corporation (Hormel Foods Corp.) and Tyson Foods (Tyson Foods Inc.). Two sources for information is not disclosed publicly and requested anonymity, the case may be subject to United States foreign Investment Review Board (CFIUS) methods of preserving foods close attention. According to the two companies, the case containing the debt worth $ 7.1 billion. According to Bloomberg aggregate data, which will rewrite the record size of the acquisition of Chinese enterprises in the United States and prices. methods of preserving foods
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