U.S. will conduct second investigation of Smithfield sale

The Committee on Foreign Investment in the United States (CFIUS) will conduct a second-phase, 45-day investigation of the proposed takeover of Smithfield Foods by Chinese meat producer Shuanghui International Holdings. Consumers, food safety groups and lawmakers have expressed concern that the deal could impact food safety, after Shuanghui International was involved in a 2011 tainted-pork scandal, but Smithfield CEO Larry Pope says the sale would not affect the quality or safety of the company's products.

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