The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Glencore Xstrata Plc is looking to sell its Dakota Growers Pasta Co business as it continues to divest assets acquired from its $6 billion purchase of Canadian grain handler Viterra last year, according to three sources with knowledge of the process.** Chinese plans to purchase America's Smithfield Foods - the world's biggest pork producer - will face intense scrutiny on Wednesday when U.S. senators question Smithfield's chief executive about food safety and foreign ownership. The proposed $4.7 billion purchase by Shuanghui International would be the largest acquisition ever of a U.S. company by a Chinese concern.
Smithfield Foods, Inc. produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. Shares of SFD remained unchanged at $32.86. In the past year, the shares have traded as low as $17.55 and as high as $33.96. On average, 5189940 shares of SFD exchange hands on a given day and today's volume is recorded at 0.
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