Mark 8/24 If China is communist and opposite Democracy ... why would the USA sell this company to our enemy ? Why would we borrow money from our enemy and pay them back in GOLD ? It makes no sense to sell your food supply companies to the enemy - what say you ? I suggest ... China and Russia actually planted OBAMA and tied his to Islam to confuse you .. also to depopulate the fastest growing race ISLAM and the Mexican drug cartel are useful pawns in a depopulation attempt ... they need radicals and both fit the mold. Smithfield, based in the Virginia town of the same name, is best known for its hams but also makes sausage, bacon and other prepared meats under labels including Eckrich, Gwaltney and Armour. It has more than 46,000 employees in 25 states and four countries. One thing that Reuters and other Western media fail to mention is that Shuanghui International Holdings is controlled by the Communist Party of China. Senate Agriculture Committee Chairman Debbie Stabenow has expressed concern the Shuanghui deal will be followed by a wave of other foreign acquisitions of U.S. food companies that collectively could pose a threat to U.S. food security. “To be sure, the purchase of one American food company does not jeopardize America’s food independence. But Smithfield is our largest pork producer — will China or other countries seek to purchase our largest poultry, or dairy, or corn producers next? Is it in America’s security interests if in a decade or two our food supply is 30, or 60, or 90 percent foreign owned?” Read more: politico/story/2013/09/us-china-smithfield-96399.html#ixzz34Xp7Cwd6 Although Congress cannot approve or block deals, lawmakers can force companies to abandon their merger plans. the world’s largest hog and pork producer, said U.S. regulators will allow the company to be bought by China’s Shuanghui International Holdings Ltd. in what would be the biggest Chinese purchase of a U.S. firm. CFIUS blocked at least three transactions in the past four years that would have resulted in Chinese companies gaining control of assets near military facilities. Huawei Technologies Co. and Bain Capital Partners LLC also dropped a bid to buy computer equipment maker 3Com Corp. in 2008 in the face of opposition from CFIUS. congress was leary of this sale ... but guess who said it was ok..... The committee, led by the Treasury Department, is made up of representatives from the Justice, Homeland Security and Defense departments and five other agencies, any of which might have particular concerns about a takeover by a given foreign buyer. Elizabeth Bourassa, a spokeswoman for the Treasury Department, declined to comment. The Committee on Foreign Investment in the U.S., or CFIUS, approved the transaction and it will be voted on by Smithfield shareholders at the company’s annual meeting Sept. 24. The government of Ukraine also approved the deal, according to the statement. Bought December 2013.
Posted on: Sat, 14 Jun 2014 18:18:59 +0000
Trending Topics
Recently Viewed Topics
© 2015