I Fail to See This as a Good Idea

Standard

http://www.bbc.co.uk/news/business-22712637

“The biggest pork firms in China and the US plan to join forces in a $4.7bn (£3.1bn) deal that aims to feed the world’s most populous country.

China’s Shuanghui International has agreed to pay cash for the Virginia-based Smithfield Foods, which including debt, values the firm at $7.1bn.

The deal will be the largest takeover of a US company by a Chinese rival.

It also highlights the growing power of Chinese firms and their desire to secure global resources.”

Um, have they forgotten how “infected” their food and water has become lately? This is hardly a sound business deal for a company in the U.S.

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