Super Lawyers
The top Attorneys in Virginia and
the Washington, D.C. metropolitan
area, only 5% of the attorneys
in the state are named in SuperLawyers
ATA NBTA | The National Board of Trial Advocacy Association of Trial Lawyers of America Virginia Trial Lawyers Association

Smithfield merging with Chinese company

Fairfax residents may be interested to hear that a local food company, Smithfield Foods, Inc. merged with a meat-processing company in China. As is often the case with mergers and acquisitions , the merge will bring some serious changes to Smithfield Foods. Fortunately, this particular merger is expected to bring positive changes to Smithfield Foods.

The merger values Smithfield Foods at $7.1 billion and under the merger agreement, the company will become an independent subsidiary of Shuanghui International Holdings Limited. According to chief executive officer and president of Smithfield Foods, no facilities are expected to close and employees can expect wage and benefit packages. The chief executive officer stressed that employees could rest assured that their jobs and or responsibilities would not be affected by the merger.

Furthermore, the chief executive officer went on to say that the two companies have been thinking about merging since 2009. He also says that pricing has been somewhat of an issue for Smithfield and that the Asian Market presents excellent opportunities for the company. While the merger has been approved by the boards of directors of both companies, it still needs to be approved by government agencies but should be complete by the second half of 2013. Both company presidents are positive about the end result of the merger.

Often, business and or real estate transactions can take time and possibly numerous legal proceedings before being completed. Regardless of the size of the company, companies going through mergers and or acquisitions may find the process daunting and possibly a bit confusing. Companies in such situations may want to consider enlisting the help of an experienced business transaction attorney to assist with the process.

Source: Suffolk News Herald, "Smithfield to merge with Chinese company", Tracy Agnew, June 29, 2013

DISCLAIMER: This website is designed to provide only general information; nothing contained herein constitutes legal advice nor is it an offer of legal representation. Use of this website is not intended in any way to create or convey the impression that such use of the website by any person, organization, or entity of any nature and/or kind constitutes any attorney-client relationship whatsoever and any information provided in this website shall not constitute legal advice. The use of any electronic communication available through this website with the Law Office of Richard L. Downey or any person associated with this website shall not constitute attorney-client relationship nor will any communication received by the Law Office of Richard L. Downey constitute an attorney-client communication. The Law Office of Richard L. Downey cannot make any guarantees as to the accuracy or currency of any information contained in or created in this website or the use of any link to another website contained in this website. The information that you obtain at this website is not, nor is it intended to be legal advice. You should consult a lawyer for individual advice concerning your own particular situation.

*The National Board of Trial Advocacy is accredited by the American Bar Association. Currently there is no procedure in the Commonwealth of Virginia for approving certifying organizations.