Smithfield Foods Sale Under Scrutiny By FDA

Smithfield Foods, Inc. (NYSE:SFD)’s proposed sale to Chinese-holding company Shuanghui International Holdings Ltd is going to be reviewed through additional regulators.

A group of 15 senators have urged the Treasury Department on Thursday to include the Agriculture Department and the Food and Drug Administration to strengthen the review of the $4.7 billion sale.

Smithfield – The World’s Largest Pork Producer

The fifteen senators raised questions about the government’s oversight of the proposed sale of the world’s largest pork producer and...