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US meat company awaits for Chinese takeover

2013-05-31 8 Dailymotion

The world's largest producer and processor of pork, Smithfield, has agreed to sell to China's biggest meat company.<br />The deal, which is subject to approval by company stockholders and regulators from both countries, would be the largest purchase of a US company. <br />Residents and workers of Smithfield, in the US state of Virginia, are keeping a wait-and-see attitude towards the $4.7bn possible deal by the Chinese company, Shuanghuai International Holdings. <br />Al Jazeera's Tom Ackerman reports from Smithfield.

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