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Smithfield Sale Approved By Stockholders

RICHMOND, Va. (AP) — Shareholders of Smithfield Foods Inc. on Tuesday approved a plan to sell the world’s largest pork producer and processor to a Chinese company.
The Smithfield, Va.-based company said more than 96 percent of the votes cast during a special meeting in Richmond were in favor of Shuanghui International Holdings Ltd.’s $34 per share offer, or $4.72 billion in cash.
The deal, which is expected to close

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