Smithfield Foods sets date to vote on possible sale
SMITHFIELD, Va. (WTVR) – Smithfield Foods shareholders will vote next month on whether to approve a sale of the business to a Chinese company.
The Virginian-Pilot reports the vote will happen Sept. 24 at a meeting in Richmond.
At $7.1 billion, this could become the largest take over of a U.S. company by a Chinese firm.
The federal committee on foreign investment must also approve the deal.
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