(Source: Washington Post, May 29, 2013)
WASHINGTON, D.C. — Smithfield Foods, whose signature hams helped make it the world’s largest pork producer, is being bought by a Chinese firm in a deal that marks China’s largest takeover of an American consumer brand. The $4.7 billion deal puts a major company from a Chinese industry with a history of food-safety problems in charge of a U.S. firm with past environmental problems of its own.
Full story: Washington Post