Double sinks swallowed the largest pork dealers in the United States to vote for the big probability

Yesterday, Smithfield confirmed that SFD, the first major shareholder in the dual-exchange international mergers and acquisitions case, had changed its stance ——— hedge fund Starboardvaluelp, and had recently declared that it would vote in favour of the dual-exchange International acquisition Smithfield plan, The success rate of the biggest takeover bid by Chinese companies so far to US companies has increased. In addition, the general meeting of the shareholders will be held today, the industry has predicted that the deal to be approved by the shareholders meeting is a big probability event.　　Financial profit PO, demand savings rate increase 1000% short-term hard to find a higher bidder the double sinks announced at the end of May that it would buy Smithfield with $7.1 billion trillion (including Smithfield debt), it is by far the largest Chinese companies to invest in the United States, because of the huge volume, the acquisition is also known as the "surprise acquisition." But the takeover is strewn, with one of the resistance coming from the Smithfield Starboard V Aluelp, a major shareholder. Investment fund Star-board V Aluelp, with Smithfield Food company about 5.7% of the equity. Previously, the investment company had said that Smithfield company value 90 to 10.8 billion U.S. dollars, far more than the double Exchange international bid. The 34-dollar offer per share is a "serious underestimate" of the value of the Smithfield company and hopes to have more time to find other higher-bid companies to participate in the takeover.　　The United States Congress July 10 held a special hearing to assess whether the acquisition is in the interest of the United States. In Friday, Starboard V Alue changed its stance on the SEC's filing, saying it would vote for a 4.5 billion-dollar takeover of Smithfield at its shareholder meeting 24th this month, unless a higher bidder was found. It still believes there is a willingness to pay higher prices for buyers, but it is hard to find them in the current time.　　But for the Smithfield acquisition, there is unlikely to be a higher bid, says Liu H, an analyst with Scse-curities Securities. This means that the double sinks international clears up another big obstacle to the acquisition. The deal was previously approved by the U.S. federal Government for Smithfield International acquisitions.　　And the international exchange for the acquisition of the case also prepared a 4 billion dollar financing quota. By voting for a big probability event, the deal will have to wait for Smithfield shareholders ' approval, and the company is to vote today (September 24, US time) at a general meeting of shareholders. Bi-Hui international reporters to the south, said the smooth, is expected to be the fastest in the early hours of 25th Beijing time around the results of the vote, the latest progress will be announced.　　It is reported that the vote on the day double sinks only need to get more than 50% votes, you can officially complete the acquisition. Oriental analyst Wangxiaoyue said that the acquisition by the shareholders meeting passed the hope is very large, the approval has passed, this capital operation, the big shareholder's opinion is very heavyTo, the big shareholder voted in favour, through a few suspense. CIC Consultant Food industry researcher Shangjian pointed out that China's double sinks in the initial Smithfield acquisition, the United States related departments of interference, other buyers of competition, and some of the shareholder's interference is the uncertainty of the acquisition case. The subsequent approval of the US government has made the takeover a more likely possibility, and now the change in shareholder attitudes is basically certain. After the acquisition, the cooperation among enterprises in particular the sharing of the market has become the focus, because the United States domestic pork is not the main meat, other enterprises can still be replaced, and domestic meat products, food safety incidents frequently, so a short period of time, double sinks in the U.S. market is unlikely,　　More is Smithfield to use the channel of double sinks to enter the domestic market massively. Smithfield is the world's largest pig producers and pork suppliers, the United States the largest supplier of pork products, in the United States has 400 pig farms, and 2000 pig farmers signed the supply agreement, according to the terms of the agreement, the transaction completed successfully, Smithfield will be a wholly-owned subsidiary of Double sinks,　 Continue to operate existing brands. (Edit: Yu Fei) Keywords: Smithfield share to: