Stockholders PSF agree on Smithfield deal

26-02-2007 | |

US pork processor Premium Standard Farms (PSF) has announced that its common stockholders have approved an acquisition agreement with Smithfield Foods. More than 85% of PSF shareholders voted in favour of the deal.

Under terms of the agreement, PSF will become a wholly owned subsidiary of Smithfield.

The transaction is still subject to government approvals and other closing conditions.

The acquisition plans were made public nearly six months ago.

Related websites:
• Premium Standard Farms
• Smithfield Foods

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