All Eyes On Smithfield As CFIUS Clock Ticks Down

Law360, New York (September 04, 2013, 7:00 PM ET) -- Dealmakers and regulatory lawyers are watching closely as the national security review clock ticks down on Smithfield Foods Inc.'s $7.6 billion sale to a Chinese buyer, eagerly awaiting a glimpse into a notoriously opaque process.

Smithfield reached a deal in May to sell itself to Shuanghui International Holdings Ltd. for $34 per share, the largest acquisition ever of a U.S. company by a Chinese one. In June, the Committee on Foreign Investment in the U.S. opened an extended 45-day national security investigation into the transaction. That...
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