Welcome Guest [Log In] [Register]
Welcome to Prophecy Fellowship! This message board is dedicated to the glorification of Christ Jesus and the edification of Christians through study and discussion of prophecy and life from a scriptural perspective.

Username:   Password:
Add Reply
Chinese company buys Smithfield foods (make bacon, ham etc)
Topic Started: May 29, 2013, 12:11 pm (348 Views)
Blessedx4
Member Avatar


Shuanghui Agrees to Acquire Smithfield Foods for $4.72b
By Shruti Date Singh & Jeffrey McCracken - May 29, 2013 8:37 AM CT
Quote:
 
Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.
http://www.bloomberg.com/news/2013-05-29/shuanghui-group-said-to-near-agreement-to-buy-smithfield-foods.html
Offline Profile Quote Post Goto Top
 
Rainbo
Member Avatar

I may be a paranoid person but I doubt that I'll be buying Smithfield products.
Offline Profile Quote Post Goto Top
 
« Previous Topic · News Unrelated to Prophecy · Next Topic »
Add Reply