X
XLinkedinWhatsAppTelegramTelegram
0

USA: Smithfield Foods announces update on CFIUS process

Smithfield Foods announced that the Committee on Foreign Investment in the United States has notified the parties that it will conduct a second-phase.

26 July 2013
X
XLinkedinWhatsAppTelegramTelegram
0

Smithfield Foods announced that the Committee on Foreign Investment in the United States (CFIUS) has notified the parties that it will conduct a second-phase, 45-day review of the proposed Smithfield-Shuanghui International transaction as described in Smithfield's preliminary proxy statement as filed with the Securities and Exchange Commission on June 18, 2013.

Pursuant to the Exon-Florio legislation, the inter-agency committee reviews proposed foreign acquisitions of U.S. companies for potential national security concerns while continuing to facilitate the open investment policy of the United States. The Exon-Florio legislation provides for a 30-day review following notification of a potential acquisition. At the conclusion of the 30-day review, CFIUS has the option to extend the process for a period not to exceed an additional 45 days.

Wednesday July 24, 2013/ Smithfield Foods/ United States.
http://investors.smithfieldfoods.com

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Log in and sign up on the list

Related articles