Chinese Co.'s $7B Smithfield Buy Draws Senate Scrutiny

Law360, New York (June 5, 2013, 4:29 PM EDT) -- A prominent senator joined other lawmakers Wednesday in urging regulators to consider threats they say could be posed by Smithfield Foods' proposed $7.1 billion sale to a Chinese company that has faced recalls and played into Chinese food-safety scandals.

The transaction would send the world's largest pork producer to Shanghui International Holdings Ltd., a Chinese meat company that two years ago found itself at the center of a massive recall after it sold pork products that tested positive for a banned additive. Sen. Debbie Stabenow, D-Mich.,...
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