Smithfield Foods Inc., the world’s largest hog producer, bid for a large packaged-meat business after it got an initial takeover offer from Shuanghui International Ltd. and before it agreed to be acquired by the Chinese company.
Shuanghui International Holdings Ltd.’s $4.7 billion bid for Smithfield Foods Inc., the world’s biggest hog producer, faces hurdles from regulators and rivals to what would be the largest Chinese acquisition of a U.S. company.
Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.
Yahoo! Inc. hired Ken Goldman, a technology-industry veteran with three decades of experience in software and Internet companies, to succeed Tim Morse as chief financial officer, the biggest management switch yet by Chief Executive Officer Marissa Mayer.
The prospect of selling meat under Hillshire Brands Co.’s labels is putting the maker of Jimmy Dean sausages and Ball Park hot dogs on the menu for producers ranging from Tyson Foods Inc. to Hormel Foods Corp. and JBS SA.
Yahoo! Inc. Chief Executive Officer Marissa Mayer named Google Inc. executive Henrique de Castro as operating chief, picking a deputy from her former employer to help revive growth at a Web company beset by sagging sales.