Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing Access Your Profit Alerts

How China's "Deep Game" Gave Us Our Sixth Takeover Play

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.

To continue reading, please click here...

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK