Smithfield Foods won national security clearance on Friday for its proposed $4.7 billion sale to a Chinese meat processor, overcoming one of the biggest obstacles to a takeover.
The approval by an important government committee came despite the deep-seated skepticism of a group of lawmakers, who professed concern over a Chinese company owning Smithfield, America’s biggest pork producer.
http://dealbook.nytimes.com/2013/09/06/national-security-panel-approves-smithfield-sale-to-chinese-company/?_r=0