Deals Rumor Mill: Smithfield, Swiss Re, GLG

Law360, New York (July 12, 2013, 2:38 PM EDT) -- Several international banks are running up a loan raising tied to Smithfield Foods Inc.'s $7 billion sale to a Chinese buyer, Reuters reported. A $4 billion loan backing Shuanghui International Holdings Ltd.'s bid has raised $5 billion and the fervor among banks could bump that number to $9 billion. Earlier this month, Morgan Stanley disclosed its minority stake in Smithfield, a pork producer, to get out in front of any claims that it was conflicted in lending $3 billion in debt for the deal and serving...
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