国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Lifestyle
Home / Lifestyle / News

China's Shuanghui International acquires world's largest pork processor

English.news.cn | Updated: 2013-05-30 09:54

China's Shuanghui International Holdings Limited announced Wednesday that it has entered into a definitive merger agreement with the world's largest pork processor, Smithfield Foods, to create a leading global pork enterprise.

The acquisition valued Smithfield at approximately 7.1 billion U.S. dollars, including the assumption of Smithfield's net debt.

Under the terms of the agreement, Shuanghui will acquire all of the outstanding shares of Smithfield for 34 dollars per share in cash. The purchase price represents a premium of approximately 31 percent over Smithfield's closing stock price on Tuesday.

"Together we will be able to meet the growing demand in China for pork by importing high-quality meat products from the United States, while continuing to serve markets in the United States and around the world," said Shuanghui Chairman Wan Long.

The transaction is expected to close in the second half of 2013. The closing of the transaction is subject to the approval by Smithfield's shareholders and related legal procedures, among others.

"This transaction provides Smithfield shareholders with significant and immediate cash value for their investment, and ensures that Smithfield will continue to execute on its strategic priorities while maintaining our brand excellence, community involvement, and our commitment to environmental stewardship and animal welfare," said C. Larry Pope, president and CEO of Smithfield.

Smithfield Foods is a 13-billion dollar global food company and the world's largest pork processor and hog producer. Shuanghui International and its subsidiaries are the majority shareholders of Henan Shuanghui Investment and Development Co., which is China's largest meat processing enterprise and is publicly traded on the Shenzhen Stock Exchange.

Related Stories:

Food poisoning sickens students in NW China

China's food sector to boom

Food safety becomes consumer priority

8th China Catering & Food Fair kicks off in Beijing

Health food fraud targeted

China's Shuanghui International acquires world's largest pork processor

China's Shuanghui International acquires world's largest pork processor

Farmhouse simplicity gets a sophisticated make over


Africa's exotic delights

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
沙坪坝区| 华阴市| 呼伦贝尔市| 阿尔山市| 隆回县| 衡阳县| 广宁县| 柳州市| 正阳县| 南康市| 岱山县| 鄂托克前旗| 武强县| 囊谦县| 大渡口区| 安化县| 新干县| 伊金霍洛旗| 吴江市| 三河市| 芦山县| 铜陵市| 鄂温| 仁寿县| 德兴市| 鹿泉市| 泸州市| 宿松县| 弥勒县| 将乐县| 聂荣县| 闽清县| 巧家县| 常熟市| 江达县| 北安市| 峨眉山市| 旌德县| 岑巩县| 长治市| 肇庆市|