- Smithfield Foods Inc. shareholders will vote on Sept. 24 to decide the fate of the company's proposed acquisition by China's Shuanghui International Holdings Ltd.
- The $7.1 billion deal would see stockholders paid $34 per share and end Smithfield's run as a public company.
- A non-binding vote will also take place at the Sept. 24 meeting regarding merger-related payments for Smithfield executives.
The Smithfield/Shuanghui deal is one of the biggest on the table right now for the food industry. It will still need regulatory approval following a review by the Committee on Foreign Investment in the United States, but the committee is expected to wrap up its review by Sept. 6, well in advance of the announced shareholder vote.