Smithfield Foods To Be Sold To Chinese Firm For $4.72 Billion

The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.

In addition to Smithfield, the company's brands include Armour, Eckrich, Gwaltney, Kretschmar, and others. The company's roots stretch back to 1936, when the Luter family opened a packing plant in Virginia.

Is this what we get in return for patronizing American businesses that become so successful that they are sold to foreign interests?
We will be passing by their products in the grocery store from now on..........
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