The government has decided to take an additional 45 days to review a Chinese company’s plan to purchase Smithfield Foods, Inc. (NYSE:SFD), the world’s largest pork producer.
The sale of Virginia-based Smithfield Foods, Inc. (NYSE:SFD), which has more than 46,000 employees in 25 states and four countries, to Shuanghui International Holdings for $4.7 billion would be the biggest Chinese takeover of a U.S. company.
CFIUS examines foreign investment for potential threats to national security
The companies submitted the deal in June to the Committee on Foreign Investment in the United...
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