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Smithfield Foods, Inc. Message Board

  • cdanajackson cdanajackson Sep 27, 2013 1:14 AM Flag

    Smithfield's buyout price

    The Chinese are offering to buy Smithfield Foods for $34 per share. However, Smithfield's enterprise value - which includes the value of all of the company's outstanding shares, long-term and short-term debt, and all of the cash on its balance sheet works out to about $50.56 a share.

    Why the low ball buyout figure?

    Also, since the Chinese are buying SMithfield, I will no longer buy Smithfield Foods products.