Arab Today, arab today smithfield merger senate committee approval greeted with skepticism
Last Updated : GMT 19:46:00
Arab Today, arab today
Arab Today, arab today

Smithfield merger Senate committee approval greeted with skepticism

Arab Today, arab today

Arab Today, arab today Smithfield merger Senate committee approval greeted with skepticism

Washington - UPI

A U.S. Senate committee has approved a merger of meat processor Smithfield with a Chinese company but Sen. Debbie Stabenow, D-Mich., said questions remain. The Senate Committee on Foreign Investment in the United States approved the $4.7 billion sale of Smithfield to Shuanghui International Friday, but Stabenow -- who chairs the Senate Committee on Agriculture -- said it was not clear \"what factors the committee took into account in making its decision.\" \"We still do not know if the potential impact on American food security, the transfer of taxpayer-funded innovation to a foreign competitor, or China\'s protectionist trade barriers were considered,\" Stabenow said. \"It\'s troubling that taxpayers have received no assurances that these critical issues have been taken into account in transferring control of one of America\'s largest food producers to a Chinese competitor with a spotty record on food safety,\" Stabenow said in a statement. The New York Times reported Saturday that Shuanghui International has been the focus of an investigation in China concerning the sale of pork processed with clenbuterol, an additive that is illegal in China, the United States and the European Union. The merger comes up against another hurdle Sept. 24, when Smithfield shareholders are to vote on the proposal. A major Smithfield stockholder, the hedge fund Starboard Value, said it would vote against the deal. The fund, which owns 5.7 percent of Smithfield, said it had discussed the deal with other potential buyers, some of which were willing to pay more than $4.7 billion, the hedge fund said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today smithfield merger senate committee approval greeted with skepticism Arab Today, arab today smithfield merger senate committee approval greeted with skepticism

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today smithfield merger senate committee approval greeted with skepticism Arab Today, arab today smithfield merger senate committee approval greeted with skepticism

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday