91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn

China's Shuanghui Buys Pork Giant Smithfield For $4.7 Billion

Your browser doesn’t support HTML5 audio

RENEE MONTAGNE, HOST:

NPR's business news begins with a meaty Chinese investment in the U.S.

A Chinese meat producer plans to buy the U.S. meat company Smithfield for $4.7 billion dollars. Smithfield is the world's largest pork producers, and by some estimates, if this deal is approved by regulators, it would be the biggest takeover of a U.S. company by a Chinese company.

The Chinese meat producer is called Shuanghui. It's enticing Smithfield's shareholders by offering $34 a share. And that's about 30 percent more than Smithfield's current stock price. Transcript provided by NPR, Copyright NPR.

  • Facebook
  • Twitter
  • LinkedIn
  • Email
More Stories
  1. Voting Firms Turn To Defamation Lawsuits To Counter False Claims
  2. Biden Policies Are A Green Light For Asylum-Seekers, Rep. Gimenez Says
  3. Volunteers In New York Find Missing Kangaroo
  4. For Rapper Drake, It Really Is As Easy As 1, 2, 3
  5. Fawzia Koofi On Afghan Peace: 'We Want To See This War End Tomorrow'