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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Shuanghui International
Shareholders of Virginia-based Smithfield Foods, the world's largest pork producer and processor, approved on Tuesday morning a deal to sell the company to Chinese meat processor Shuanghui International for $4.7 billion in a deal that represents the largest Chinese takeover of an American company ever.
A Senate committee on Thursday announced plans to hold a hearing next month on the proposed $4.7 billion takeover of America's top pork producer by a Chinese rival — the biggest takeover of a U.S. corporation by a Chinese company ever.