Red-hot chipmaker AMD pops on surprise Q2 profit >>> READ MORE

Chinese Love for U.S. Is Smothering American Companies

Chinese firms are ramping their M&A efforts with American stocks, but the interest has reached uncomfortable levels

      View All  

Smithfield – Biggest Chinese Buyout Ever

Smithfield FoodsChinese companies aren’t just interested in American media outlets or technology. China is just as interested in gaining some control in the food arena as well. In September of last year, Smithfield Foods (SFD) shareholders agreed to the $4.7 billion acquisition offer from Shuanghui International. It was the biggest-ever acquisition of a publicly-traded U.S. company by a Chinese buyer.

The worries that an overseas company from a now-somewhat-adversarial nation now controlled a great deal of the United States’ food supply were heard, but ultimately ignored.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC