The Chinese should focus on exports by Smithfield, it would prove a better option for the company. No doubt the quality would be an improvement over the swollen pigs in the river that China currently favors.
By Denny Thomas and Greg Roumeliotis
HONG KONG/NEW YORK
Wed May 29, 2013 11:14am EDT
...The transaction (click here) would be the largest Chinese takeover of a U.S. company, with an enterprise value of $7.1 billion, which includes the assumption of debt. The biggest Chinese cross-border deal was CNOOC Ltd's (0883.HK) 2012 acquisition of Canada's Nexen Ltd, with an enterprise value of about $17.7 billion, according to Thomson Reuters data....