双猪汇

Shuanghui International's Huge Acquisition

详解双汇海外大收购十六字真经：长期打桩、备足粮草、豪华团队。

On September 26,Shuanghui International Holdings acquired the world's largest pork producer and processor,Smithfield Foods,for 7.1 billion USD.At 34 USD per-share Shuanghui purchases all of Smithfield's tradable shares for a total of 4.72 billion USD in cash.Additionally,Shuanghui will take on the latter's 2.4 billion USD of debt.Those close to the transaction reveal that adding in the transaction fees Shuanghui has spent nearly 7.5 billion USD to acquire this American company.On October 10,Shuanghui held a banquet in the RitzCarlton to celebrate the acquisition.A long observer of the internationalization of Chinese enterprises,China Entrepreneur flew to Hong Kong to interview Shuanghui Chairman Wan Long in order to get a closer look at what this transaction says about the internationalization of Chinese enterprises.