NAEDA Newsletter
Tuesday, September 02, 2014 Helping Dealers Succeed!

Articles

return to newsletter

Smithfield shareholders approve deal

Posted: 9/25/2013 | Views: 261

Smithfield Foods, Inc. announced Tuesday that its company shareholders voted in a strong majority to approve its proposed sale to China’s Shuanghui International. The U.S. pork producer, which is worth about $13 billion, said more than 96 percent of the votes favored the transaction. The vote came after Starboard an investing firm holding nearly 6 percent of Smithfield shares announced last week that it could not put together a financing plan to purchase Smithfield. Following the shareholder vote, Smithfield President and CEO C. Larry Pope said, “The partnership is all about growth, and about doing more business at home and abroad.”

Source: Agri-Pulse

return to newsletter

 

Comments
Leave a Comment
Gravatar
Name:
Email: (not displayed)
Comments:

CAPTCHA image
Enter the code shown above:

Return

Subscribe to NAEDA Update

Subscribe to the NAEDA Update Newsletter 

© 2014 The North American Equipment Dealers Association. NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

To subscribe to NAEDA Update by e-mail, send your request to naeda@naeda.com or subscribe online at naeda.com.
To unsubscribe, click here or send your request to webmaster@naeda.com and type "REMOVE" in the subject line.