Thomson Reuters publication IFR earlier reported that Morgan Stanley, Goldman Sachs and Standard Chartered were among the banks hired by Shuanghui International Holdings in its upcoming IPO.
Smithfield Foods Inc.
Breaking News
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
Sources told Reuters that shareholders of Smithfield Foods Inc was close to approving the Chinese company's USD 4.7 billion offer.
US investment firm Starboard Value LP voiced his opposition of the Smithfield Foods Inc.'s takeover bid by Shuanghui International Holdings Ltd. in a letter addressed to his co-shareholders on Tuesday.
More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
CEO for Smithfield Foods Inc., Larry Pope can get a hefty US$46.6 million payment from merger-related transactions.
The acquisition of Smithfield Foods Inc. by a Chinese company has raised contradictions in the US over its benefits.
Subscribe to VCpost newsletter
Most Popular
- Walgreens to Open a New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
- Walmart Founder's Son Rob Walton to Step Down From Board
- How to Apply for Social Security Spousal Benefits; Here's How You May Boost Your Money!
- How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai
- Kroger and Albertsons to Sell off 166 Stores in Effort to Gain Approval for Their $25 Billion Merger
- 3.6 Million Medicare Beneficiaries Could Now Get Wegovy Coverage; Here's How!
