Quantcast

Feds conducting secondary review of Smithfield Foods takeover - Greenville, NC | News | Weather | Sports - WNCT.com

Feds conducting secondary review of Smithfield Foods takeover

Posted: Updated:
WASHINGTON -

The federal government is conducting a secondary review of the pending takeover of Smithfield Foods.

China's largest meat producer will be taking over the Virginia-based company.

The federal committee on foreign investment plans to conduct an additional 45-day investigation.

Earlier this month, Smithfield's CEO said they would not compromise any American food or jobs in the Chinese takeover.

--- Previous Story ---

A Senate committee is asking one of North Carolina's biggest employers if selling to a Chinese company will compromise food safety.

Smithfield Foods CEO Larry Pope says it won't create a risk for America's food supply.

Pope said the deal will actually improve business and create more jobs.

He promised the company will export meat from the U.S. to Shuanghui International and will not be importing any meat from China.

The Committee on Foreign Investments must approve the deal before it can be completed.

  • Most Recent SlideshowsMore>>

  • A flavor out of favor: Dog meat fades in S. Korea

    A flavor out of favor: Dog meat fades in S. Korea

    Friday, August 29 2014 3:33 AM EDT2014-08-29 07:33:30 GMT
    For more than 30 years, chef and restaurant owner Oh Keum-il built her expertise in cooking one traditional South Korean delicacy: dog meat.
    For more than 30 years, chef and restaurant owner Oh Keum-il built her expertise in cooking one traditional South Korean delicacy: dog meat.
  • Southern California gets more waves as storm eases

    Southern California gets more waves as storm eases

    Friday, August 29 2014 12:02 AM EDT2014-08-29 04:02:20 GMT
    Southern California is seeing the kind of epic surf usually associated with Hawaii or Tahiti. Beaches are thronged with wave riders and crowds are coming to watch the action even as seaside communities try to stave...
    High surf generated by a former hurricane in the eastern Pacific rolled onto Southern California beaches again Thursday, showing signs of diminishing but still bringing warnings of possible property damage and dangerous...
  • Woman unearths past of forgotten Indian cemetery

    Woman unearths past of forgotten Indian cemetery

    Thursday, August 28 2014 10:09 PM EDT2014-08-29 02:09:08 GMT
    A dusty, barren field in the shadow of a busy Arizona interstate was for decades a place where children played freely, teenagers spooked themselves on Halloween and locals dumped trash, seemingly unaware of the...
    A dusty, barren field in the shadow of a busy Arizona interstate was for decades a place where children played freely, teenagers spooked themselves on Halloween and locals dumped trash, seemingly unaware of the history...
Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.