Wall Street Journal – by WILLIAM MAULDIN
WASHINGTON—The purchase of Smithfield Foods Inc. SFD +29.23% by China’s Shuanghui International Holdings Ltd. is unlikely to face serious opposition from the U.S. committee that reviews foreign acquisitions, according to former U.S. officials and trade experts.
In announcing their proposed combination Wednesday, the companies said the $4.7 billion deal is subject to approval by the Committee on Foreign Investment in the U.S., or CFIUS. Continue reading “U.S. Expected to Clear China Firm’s Smithfield Purchase”