Smithfield Sale Won't Threaten US Security, CFIUS Finds

Law360, New York (September 6, 2013, 6:13 PM EDT) -- The U.S. government on Friday approved the $7.1 billion sale of America's largest hog farmer to a Chinese company, ending months of speculation that the record deal might get tripped up by regulators tasked with protecting national security.

The Committee on Foreign Investment in the U.S. cleared Smithfield Foods Inc.'s sale to Shuanghui International Holdings Ltd., Smithfield said in a statement. The company stayed mum on the details, though two people familiar with the matter said no major concessions were required. 

"We are pleased that this...
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