U.S. government extends review of Smithfield sale to Chinese firm

WASHINGTON, July 24 Wed Jul 24, 2013 5:27pm EDT

WASHINGTON, July 24 (Reuters) - The U.S. government has decided to take an additional 45 days to review a Chinese company's plan to purchase Smithfield Foods, the world's largest pork producer, the Virginia-based company said on Wednesday in a statement.

"Smithfield and Shuanghui International remain committed to working cooperatively with CFIUS (Committee on Foreign Investment in the United States) throughout the process," Smithfield said.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.