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Earlier this year, the world's largest pork producer, Smithfield Farms , received an appealing buyout offer from a China-based meat processor-- Shuanghui The board agreed to the $7.1 billion ...
Starboard, which owns 5.7% of Smithfield's stock, says that it is "not necessarily" opposed to the proposed sale of Smithfield, but that the investment firm believes Smithfield can get a better deal.
Joseph W. Luter III began his expansion of Smithfield in 1981 with the purchase of its main competitor, Gwaltney of Smithfield, for $42 million. [20] This was followed by the acquisition of almost 40 companies in the pork, beef, and livestock industries between 1981 and around 2008, [26] including Esskay Meats/Schluderberg-Kurdle in Baltimore, Valley Dale in Roanoke, [20] and Patrick Cudahy in ...
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
Cooper Farms was founded by Virgil Cooper. He made his start in the turkey business in 1938 in downtown Oakwood, Ohio through growing around 500 meat turkeys, mainly for the holidays. Cooper Farms is one of the largest family-owned turkey producers in the U.S. James R. Cooper is the president of the company. [7]
That year, 14.9% of Ohio's foreign-held farmland belonged to Canadians and 14.6% to Germans. Nationwide in 2022, 32.1% of the total foreign-held farmland in the U.S. was owned by Canadian ...
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The deal was the largest ever takeover of a U.S. company by a Chinese company, [3] roughly doubling the number of US jobs tied to direct investment by China. [6] Smithfield ceased to be publicly traded at the deal's completion. [3] In July 2013, Shuanghui announced its plan to list Smithfield on the Hong Kong Stock Exchange after completing the ...