USA: Smithfield Foods in talks to buy out holding company Smithfield Cos
Major hog producer Smithfield Foods is currently in talks to buy out holding company Smithfield Cos , after the two companies signed an exclusivity agreement that gives them 20 days to negotiate a potential transaction. According to an amendment of Schedule 13D, which was filed with the Securities and Exchange Commission (SEC) yesterday, Smithfield Foods could complete the buyout for US$8.5 per share in cash. This values each share at US$1.5 above their current over-the-counter trading value. The company stressed however that there are no guarantees a transaction would be completed at that price, which values the offer at US$143m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Tyson's shrewd investment in Beyond Meat
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Focus: Thai demographics drive health categories
- Interview: Some Foods on rise of low-FODMAP market
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Nestle lowers outlook on "softer environment"
- China milk powder arrests prompt Fonterra "review"
- Unilever in continuing price spat with Musgrave
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review