Double Sinks International Acquisition by US company shareholders meeting

Xinhua News Agency, Zhengzhou, September 25 (reporter Guijuan, Fangdong) 24th, the United States's largest pork producer Smithfield held a general meeting to the overwhelming number of votes through the double sinks International to Smithfield Food Company's acquisition, so far the largest foreign food companies in China to date the purchase case finally settled.　　In the General Assembly, more than 96% of the participating shareholders voted in favour, accounting for 76% of the company's total share of common shares, according to Smithfield's announcement on its official website. It is expected that 26th, Smithfield International and the exchange will complete the transaction.　　The global food leader's powerful alliance, will create a new World food giant, double sinks international will also become the world's largest pork production and processing enterprises.　　According to the previous contract, Smithfield will become a double sinks international wholly-owned subsidiary, its operation unchanged, management unchanged, brand unchanged, headquarters unchanged, promised not to cut staff, not close the factory, and the United States manufacturers, suppliers, farms continue to cooperate.　　On May 29, Smithfield announced that the two sides had reached a merger agreement, and that the BIS international would buy all of Smithfield's shares in cash for $7.1 billion. It is understood that double sinks international is China's largest meat processing enterprises and China's largest meat listed companies dual development (000895, shares) of the controlling shareholder, because the acquisition of the difference between the size of the company, the acquisition is also seen as a "Snake Swallow Elephant" feat.