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US Senate committee to examine Smithfield-Shuanghui deal
The proposed purchase of Smithfield Foods the world’s largest pork processor, by Shuanghui International of China will be examined at a July 10 hearing of the Senate Agriculture Committee, chairwoman Debbie Stabenow said.
Smithfield chairman Larry Pope was scheduled to testify. Other witnesses have not been announced.
The hearing, “Smithfield and Beyond: Examining Foreign Purchases of American Food Companies” will look at how the government review of such takeovers account for food safety and protection of American technologies and intellectual property. (Reuters)
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