Smithfield Foods to Be Sold to Chinese Meat-Processing Company for $4.7 Billion

SUGAR LAND--May 30. 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Smithfield Foods Incorporated (NYSE:FSD) (Smithfield, Virginia), the world's largest pork producer, is set to go private in a $4.7 billion sale to Shuanghui International Holdings Limited (Hong Kong), a leading stakeholder in China's largest meat-processing enterprise. The deal's total value is about $7.1 billion, including debt.