NEW YORK ( The Deal) -- National security officials' approval of Shuanghui International Holdings' takeover of Smithfield Foods (SFD), granted late Friday, contained no mitigation conditions despite critics' warnings that the $7.1 billion deal could create U.S. food safety risks.Some U.S. lawmakers and experts in international trade had criticized the takeover by China's Shuanghui as a possible threat to U.S. food safety because of China's poor track record in protecting its food supply. The called on CFIUS to either block the deal or include officials from the Department of Agriculture in the review to ensure that food safety here is not put at risk.
The Deal: No CFIUS Strings Attached to Smithfield Deal
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