On September 26, 2013, Smithfield Foods announced the completion of its acquisition by Shuanghui International Holdings Limited. Shuanghui International is the majority shareholder of Henan Shuanghui Investment & Development Co., which is China's largest meat processing enterprise and China's largest publicly traded meat products company. Under the terms of the definitive merger agreement, Shuanghui International acquired all of the outstanding shares of Smithfield Foods for US $34.00 per share in cash. Smithfield's common stock on the New York Stock Exchange (NYSE) has ceased to be publicly traded. Smithfield is a wholly owned independent subsidiary of Shuanghui International Holdings Limited, operating as Smithfield Foods.
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