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His son, Joseph W. Luter IV, became an executive vice-president of Smithfield Foods in 2008 and president of the Smithfield Packing Company, by then the parent company's largest subsidiary. [24] He resigned in October 2013. [23] At that point his stock was valued at $21.1 million and Joseph W. Luter III's at $30 million. [25]
In May 2013, Shuanghui announced its intention to buy Smithfield Foods for $34 per share, or about US$4.72 billion total. Including assumed debt, the total value of the deal was about $7.1 billion. The agreed purchase price represented a 31% premium over Smithfield's market price at the time when the deal was announced. [3]
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.
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.
The acquisition of Smithfield Foods by Chinese meat producer Shuanghui International Holdings received clearance from the Committee on Foreign Investment in the United States, the two companies ...
SMITHFIELD FOODS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Smithfield Foods, Inc. Following Announcement of Proposed Sale of Company to ...
In 1968 Wan Long started work for Luohe Meat Products Processing United Factory, and became the factory's general manager in 1984. [3]Wan Long is the chairman of WH Group, the world's largest pork company, with subsidiaries including Smithfield Foods in the US. [2]
Smithfield Foods Inc. (NYSE: SFD) reported adjusted first quarter 2013 earnings per share (EPS) of $0.40 on $3.09 billion in sales before markets opened today. In the same period a year ago, the ...