Smithfield's Chinese Deal Likely To Survive US Scrutiny

Law360, New York (May 29, 2013, 9:01 PM EDT) -- The $7.1 billion acquisition of Smithfield Foods Inc. by China's largest pork producer raises plenty of regulatory questions, but none big enough to stumble what would be a landmark cross-border deal, attorneys say.

Shuanghui International Holdings Ltd. on Wednesday announced plans to buy Smithfield for $4.7 billion in cash plus assumed debt. It's the largest-ever takeover of a U.S. company by a Chinese buyer. And the nature of the target — a well-known company whose products stock refrigerators across America — virtually guarantees extra scrutiny from...
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