Jun 22

See also:

Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

The Chinese To Buy America’s Pork: Shuanghui Group Agreed To Acquire Smithfield Foods For About $4.7 BILLION

In this May 29, 2013 file photo, hams and other memorabilia is displayed at a restaurant in Smithfield, Va. Chinese company Shanghui has offered $7.1 billion to take over pork producer Smithfield in the largest sino-american transaction.Bit by bit, the Chinese are buying up strategic Chinese assets, something U.S. citizens are concerned about. (AP Photo/The Virginian-Pilot, Amanda Lucier)

China: Conquering America One Company at a Time (The Epoch Times, June 21, 2013):

In a free market system, investing in foreign companies is nothing out of the ordinary. Germany operates several plants and owns several companies in the United States for example and nobody ever complained about it. When it comes to totalitarian regimes like China, however, things are different.

More than one-third of the American public has signaled great concern about Chinese firms investing in American companies, according to a Hill+Knowlton Strategies survey.

Still, the U.S. government’s Committee on Foreign Investment in the United States (CFIUS) is holding top-secret meetings concerning the purchase of Smithfield Foods by the Chinese firm Shuanghui International Holdings Ltd. The Chinese company needs CFIUS approval to buy out Smithfield in the biggest Sino-U.S. deal ever.

But who exactly owns Shuanghui and what influence could the Communist regime exert?

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May 29


Remember the 16,000 dead pigs found in Shanghai’s Huangpu river?

China Pulls 1,000 Dead DUCKS From Sichuan River:

The news comes as the toll of dead pigs pulled from Shanghai’s Huangpu river passed 16,000.

So the conditions under which our food is produced …

@Amazon.com: Eating Animals

… will certainly not improve.

Bon appétit!

China’s Shuanghui to Buy Smithfield Foods (Wall Street Journal, May 29, 2013):

Chinese meat producer Shuanghui Group agreed to acquire Smithfield Foods Inc. for about $4.7 billion, striking what would be the largest takeover of a U.S. company by a Chinese buyer—should it get past what is likely to be heavy regulatory scrutiny.

Shuanghui agreed to pay $34 per share for Smithfield, the world’s largest hog farmer and pork processor, marking a 31% premium to Smithfield’s Tuesday closing price of $25.97. Including debt, the deal values Smithfield at $7.1 billion.

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