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Shuanghui buying Smithfield Foods for about $4.72B
www.myfoxny.com ^ | 05-29-2013 | By MICHAEL FELBERBAUM

Posted on 05/29/2013 6:36:26 AM PDT by Red Badger

Edited on 05/29/2013 6:40:15 AM PDT by Admin Moderator. [history]

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To: Red Badger

Company by company, building by building, acre by acre, military secret by military secret. One day we will wake up and find out we lost everything except our ability to be slaves.


21 posted on 05/29/2013 6:52:06 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: Eric in the Ozarks

22 posted on 05/29/2013 6:52:29 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: Alex Murphy

Fred & ETHYL........


23 posted on 05/29/2013 6:52:58 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: Dixie Yooper
Heinlein predicted it.........in 1941.....
24 posted on 05/29/2013 6:56:09 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: Dixie Yooper

http://en.wikipedia.org/wiki/Sixth_Column


25 posted on 05/29/2013 6:56:50 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: Red Badger

One of my long time customers in Sioux Falls.


26 posted on 05/29/2013 6:58:01 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: Red Badger

Oh well. Scratch one brand of meats I will not be buying anymore at the local deli counter. Sad, as they were the most affordable.


27 posted on 05/29/2013 6:59:58 AM PDT by SengirV
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To: Portcall24

Being a Virginia boy myself and having grown up in the area, I too have many fond memories of the area. In fact, my parents celebrated their 50th wedding anniversary at Smithfield Station. That said and before we get maudlin about this, it’s just another example of capitalism at work. If someone had offered me an immediate 31% profit on my money, I’d have a hard time turning it down too.


28 posted on 05/29/2013 7:01:22 AM PDT by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: Red Badger

Heh! Good one.

Seriously though, The Chinese don’t do acquisitions, will-nilly, There is a plan, usually long-term some times Generationally long-term. A thought that comes to mind is slowly moving the children of upper-ups to the U.S. to “manage” their new holding and then moving more of the own “experienced Farmers” here to do the work on the farms they have been buying up because of out own INSANE Death-taxes that destroy family Farms and businesses on a regular basis.

In any case we as outside observers will have to wait and see.


29 posted on 05/29/2013 7:04:41 AM PDT by The Working Man
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To: Red Badger
What was science fiction in 1949, is now on the verge of becoming historic fact.
30 posted on 05/29/2013 7:07:12 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: tgusa
Back in the 1970s, the Japanese were buying up American hotels, golf courses and manufacturing companies. They spent incredible amounts of money and in the case of Firestone, they paid $75/share for an essentially bankrupt tire maker.
This could be history repeating itself...
31 posted on 05/29/2013 7:08:58 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: Eric in the Ozarks

Could be, although Smithfield Foods has been historically strong. What is most interesting to me is that the plan with the acquisition is to take them private. That could be either very good or very bad. We will see.


32 posted on 05/29/2013 7:11:31 AM PDT by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: tgusa

Well stated all around. And who knows perhaps they will provide good leadership as even more dollars flow out of this country toward China.


33 posted on 05/29/2013 7:12:12 AM PDT by Portcall24
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To: Portcall24

Agree.

I was in Smithfield this past weekend visiting family.

The Luter family has always been generous to the town, with buildings, performing arts center, fire and police equipment, etc.

A quaint little town...


34 posted on 05/29/2013 7:14:05 AM PDT by NOVACPA
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To: Moose4
Still, as a Virginia kid who grew up on Smithfield (and Gwaltney) bacon, it’s sad to see a legendary Virginia icon get bought out by a Chicom company.

Ditto. I hate to see a part of Virginia's history go to the Chinese.

35 posted on 05/29/2013 7:14:51 AM PDT by ScottinVA ( Liberal is to patriotism as Kermit Gosnell is to neonatal care.)
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To: NOVACPA

The Smithfield Wine and Brew Fest was held last month... a GREAT time!


36 posted on 05/29/2013 7:16:01 AM PDT by ScottinVA ( Liberal is to patriotism as Kermit Gosnell is to neonatal care.)
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To: tgusa
When the first boatloads of S. Viet Namese arrived in the US it was said each refugee was issued a map of Sioux Falls, SD and the keys to a used Trans Am...
37 posted on 05/29/2013 7:17:43 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: Red Badger

The desire to avoid investment loss or pure profit from the sale of an American business to foreign interests has gotten way out of hand.
One of the largest food processors in America will now be owned by a foreign nation.
Does anyone see the inherent danger in this?


38 posted on 05/29/2013 7:19:48 AM PDT by txnativegop (Fed up with zealots)
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To: Red Badger

Well, there goes Paula Deen’s hams!


39 posted on 05/29/2013 7:26:15 AM PDT by Terry L Smith
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To: Dixie Yooper

I just finished reading that book a couple of days ago. It’s chilling in how prescient he was........


40 posted on 05/29/2013 7:57:02 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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