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On 29 May 2013, Shuanghui, a Chinese company, announced a purchase of all of the stock of Smithfield Foods, Inc. for approximately $4.72 billion.[18] It was also announced by Shuanghui that it would list Smithfield on the Hong Kong Stock Exchange after completing the takeover.[19] On 6 September 2013 the U.S. government approved Shuanghui International Holding’s purchase of Smithfield Food, Inc. The deal was valued approximately $7.1 billion. It was the biggest Chinese takeover of a U.S. company to date
So now our bacon will be more along the lines of beggin' strips than real bacon?