Smithfield Sale To Chinese Firm Enters Extended Review

The government has decided to take an additional 45 days to review a Chinese company’s plan to purchase Smithfield Foods, Inc. (NYSE:SFD), the world’s largest pork producer. The sale of Virginia-based Smithfield Foods, Inc. (NYSE:SFD), which has more than 46,000 employees in 25 states and four countries, to Shuanghui International Holdings for $4.7 billion would be the biggest Chinese takeover of a U.S. company. CFIUS  examines foreign investment for potential threats to national security The companies submitted the deal in June to the Committee on Foreign Investment in the United States, or CFIUS, an executive branch panel that examines foreign…