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Campofrio-Groupe Smithfield Merger Completed
Posted by: gurufocus (IP Logged)
Date: December 17, 2008 09:01AM
Press Release: Campofrio-Groupe Smithfield Merger Completed
Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods conducts its business through two groups the Meat Processing Group and the Hog Production Group. The Meat Processing Group produces domestically and internationally a wide variety of fresh pork and processed meat products and markets them nationwide and to foreign markets. The company has vertically integrated into hog production through its Hog Production Group which provides the Meat Processing Group with its live hog requirements. Smithfield Foods Inc. has a market cap of $1.23 billion; its shares were traded at around $10.27 with a P/E ratio of 40.4 and P/S ratio of 0.11. Smithfield Foods Inc. had an annual average earning growth of 1.9% over the past 10 years.
More on SFD:
Gurus buys and sells of SFD
10-year financial history of SFD.
Insider buys/sells of SFD.
The merger creates the largest pan-European company in the packaged meatssector and one of the five largest worldwide. The company is the market leaderin
Smithfield Foods owns 37 percent or approximately 37.8 million shares ofthe new company. Previously
"This is a major step in
Mr. Pope noted that this transaction converts
With sales of
Gurus who own SFDSFD is in the portfolios of NWQ Managers.