http://www.guardian.co.uk/business/2013/may/29/smithfield-pork-shuanghui-chinese-takeover?guni=Network front:network-front main-3 Main trailblock:Network front - main trailblock:Position3
China's Shuanghui International has made a $4.7bn bid to takeover Smithfield Foods, the world's largest pork producer, in what would be the biggest takeover of a US company by a Chinese firm to date – if it passes regulatory hurdles.The deal is likely to run into heavy opposition in Washington, where a series of Chinese takeovershave been blocked by politicians and regulators. Shuanghui, also known as Shineway, is China's largest pork producer and is part owned by an investment firm run by Goldman Sachs.A takeover would give Smithfield entry into China, the biggest and fastest growing market for pork. Per-capita pork consumption last year was 86 pounds, up from 70 pounds in 2002, according to Northstar Commodity Investment. In the US consumption was 58 pounds last year, down from 66 pounds in 2002.And as demand has risen China's domestic pig farmers have been subject of scandals with thousands of dead pigs found dead in Chinese rivers, disease outbreaks and illnesses.
how much o America is enough, how much more has to be sold, should i get that Rosetta Stone software and learn Chinese?
"This is a great transaction for all Smithfield stakeholders, as well as for American farmers and US agriculture," said Larry Pope, president and chief executive officer of Smithfield. "It will be business as usual – only better."Shuanghui chairman Wan Long called the deal an "historic opportunity". Wan is a high-profile business leader in China, where he is known as the country's "No 1 butcher" because his company slaughters more than 15m pigs a year.
how many ended up dead in the rivers of China how much disease was created by dead pigs?
where is all the concern for others in foreign countries where we send our children to die pigs don't count?
