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User ID: 76517917 United States 04/04/2020 04:12 AM Report Abusive Post Report Copyright Violation | FLASHBACK: Smithfield Foods Sold To Chinese Firm For $4.72 Billion The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt. The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News. In addition to Smithfield, the company's brands include Armour, Eckrich, Gwaltney, Kretschmar, and others. The company's roots stretch back to 1936, when the Luter family opened a packing plant in Virginia. [ link to www.npr.org (secure)] Anon Braveheart |