Dealmakers Buoyed As CFIUS Separates Pork From Nukes

Law360, New York (September 9, 2013, 5:28 PM EDT) -- For all the market's hand-wringing, it turns out national security regulators differentiate between packaged bacon and rocket technology, and by approving the sale of Smithfield Foods Inc. to a Chinese buyer Friday, have reassured dealmakers that they will not abuse their broad powers.

Since May, when Shuanghui International Holdings Ltd. struck a deal to acquire the Virginia-based hog farmer for $7.1 billion, the wildcard has been approvals from the Committee on Foreign Investment in the U.S., which reviews transactions for national security concerns.

The committee has...
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