Missouri Governor Vetoes Two Bills That Could Spell Trouble for Smithfield Purchase

July 3, 2013
Governor Jay Nixon vetoed two bills on July 2 that would have smoothed the way for the $4.7 billion purchase of Smithfield Foods Inc.
Several states in the Midwest -- Missouri, Iowa, Nebraska, Minnesota, North Dakota, Oklahoma, South Dakota and Wisconsin -- have laws on their books that prohibit foreign ownership of agricultural land. These laws could spell trouble for Smithfield Foods Inc. and the Chinese meat firm Shuanghui International Holdings, which announced in May, Shuanghui's intention to purchase the meat processor. >> Read the full story Missouri vetoes raise questions for Smithfield-China deal>> Revisit our May 29 news brief Smithfield To Be Acquired by Chinese Meat Processor to learn more about the potential acquisition.

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