The United States and China must continue to build mutual trust and respect to keep deals like Shuanghui International’s proposed purchase of US pork giant Smithfield Foods Inc flowing, analysts said. The historic, $4.7 billion acquisition appears certain to win the backing of Smithfield shareholders Tuesday after Starboard Value LP, a dissident 5.7 percent stakeholder, reversed itself and said it would vote for the deal, saying it couldn’t find a superior offer…Full-text article: China Daily Sep 2013

Key point

  • The Shuanghui-Smithfield deal, if successful in the long-run, should act as a harbinger of future mega-deals between the U.S. and China as the latter seeks to diversify its economy

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