U.S. will conduct second investigation of Smithfield sale

The Committee on Foreign Investment in the United States will conduct a second-phase, 45-day investigation of a 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 affect food safety, after Shuanghui was involved in a 2011 tainted-pork scandal, but Smithfield CEO Larry Pope says the sale would not affect the quality or safety of products.

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