A PYMNTS Company

US: DOJ clears Smithfield buyout among political controversy

By  |  July 12, 2013

Amid political controversy surrounding the buyout of Smithfield Foods, the company announced Friday the Department of Justice review period has expired, effectively clearing the acquisition by the regulator. The deal, which would see Chinese firm Shuanghui acquire the pork company in the largest-ever buyout of an American firm by a Chinese company, earned heated debate within the US Senate in recent days. The deal now awaits approval by Smithfield shareholders as well as various other review boards.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Daily Press

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.