Smithfield Foods Sale Under Scrutiny By FDA

Smithfield Foods, Inc. (NYSE:SFD)’s proposed sale to Chinese-holding company Shuanghui International Holdings Ltd is going to be reviewed through additional regulators. A group of 15 senators have urged the Treasury Department on Thursday to include the Agriculture Department and the Food and Drug Administration to strengthen the review of the $4.7 billion sale. Smithfield – The World’s Largest Pork Producer The fifteen senators raised questions about the government’s oversight of the proposed sale of the world’s largest pork producer and processor to the Chinese-holding company. The proposed sale is already being reviewed by the Committee on Foreign Investment in the…