Senators Want Deeper Probe Of $7B Smithfield Sale

Law360, New York (June 20, 2013, 3:23 PM EDT) -- A bipartisan group of more than a dozen senators Thursday pressed the U.S. Treasury Department to deepen the regulatory probe into Smithfield Foods Inc.’s proposed $7 billion sale to a Chinese meat company, adding to lawmakers’ concerns over the deal's food-safety repercussions.

Fifteen legislators, including prominent leaders of the Senate Agriculture Committee, urged Treasury Secretary Jacob Lew — who oversees the Committee on Foreign Investments in the U.S, the tight-lipped national security watchdog — to allow the Department of Agriculture and the Food and Drug Administration...
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