China's meat processor shuanghui international holdings co., LTD., has agreed to take smithfield foods private is about 4.72 billion.
, is the world's largest pork producer smithfield, shareholders will receive $34 per share. Is that $25.97 on Tuesday, Virginia smithfield company stock closing price premium of 31%.
The company put a deal worth about $71 billion, including debt.
Smithfield foods company, its brands include armor, farmland and its namesake - about 138.8 million outstanding shares, according to FactSet.
By the board of directors of both companies have unanimously approved the deal, still need to smithfield shareholder approval of the company. The deal is expected in the second half of this year.
Smithfield shares surged $7.23, or 27.8%, at $33.20 before the market opened.



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