All Your Bacon Are Belong To Us
September 8, 2013 3:52 PM Subscribe
posted by Wordshore (47 comments total)
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: "The U.S. government on Friday approved Shuanghui International Holding’s bid to buy iconic U.S. pork producer Smithfield Foods in what would be the biggest Chinese takeover of a U.S. company to date."
“This transaction will create a leading global animal protein enterprise,” Zhijun Yang, Shuanghui’s chief executive, said in the statement.
(New York Times): "Both companies have argued that their combination poses no danger of compromising American food safety standards. Indeed, they have contended that the goal is to export more Smithfield pork to China, satisfying rising demand for high-quality meat in that country."
: "Interviews with workers at meat plants in both countries illustrate the dollars-and-cents contrasts between the same jobs in the USA and China. Keenly aware of those differences, American workers worry what the future will bring."
Wikipedia: Smithfield Foods
and Shuanghui Group
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