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Smithfield Foods acquires Premium Standard Farms

Smithfield Foods, Inc. and Premium Standard Farms, Inc. announced recently that their Boards of Directors have unanimously approved a definitive merger agreement under which Smithfield Foods will acquire all of the outstanding shares of Premium Standard Farms through a merger.

The agreement has a total transaction value of approximately $810 million, including the assumption of PSF’s approximately $117 million of net debt.

The transaction is expected to close in the

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