Mo. puts up roadblock in Smithfield deal

07/3/2013 | Reuters

The governor of Missouri, one of several states that do not allow foreign ownership of farmland, has vetoed legislation to allow such ownership, creating a hurdle for the planned sale of Smithfield Foods to Shuanghui International Holdings. "Smithfield Foods and Shuanghui International identified this issue during their discussions, and it presents no obstacles to closing the proposed combination," Smithfield said.

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