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When Martin Hutchinson recommended shares of Smithfield Foods Inc. (NYSE: SFD) to you back in November 2011, the veteran M&A banker said the soaring demand for pork products in Asia - and especially China - was one of the reasons he liked the stock so much.
So when Martin shot me an early-morning e-mail yesterday to let me know Smithfield had become a takeover play, I had a pretty good idea where the money was coming from - even before I read the text of his note.
It's coming from China.
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