Matches in SemOpenAlex for { <https://semopenalex.org/work/W3138334679> ?p ?o ?g. }
Showing items 1 to 57 of
57
with 100 items per page.
- W3138334679 abstract "This case stars Long Wan, chairman and CEO of Shuanghui International (Shuanghui), as he works through the postmerger integration of the newly acquired US-based Smithfield Foods (Smithfield). Wan must address many potential hurdles as he sought to integrate two very different companies, on two different continents, separated by a world of cultural and political differences. With its headquarters in rural Virginia and its folksy southern American history, was integration with a formerly state-owned Chinese meat processor possible? On a strictly practical note, how could he best help the two companies realize their production and capacity synergies and unlock their joint value as harmoniously as possible?ExcerptUVA-S-0330Jul. 23, 2020A Pig in a Poke? Shuanghui's Acquisition of SmithfieldIt was September 24, 2013. Long Wan, chairman and CEO of Shuanghui International (Shuanghui), China's largest pork processor, was turning 73 years old. But Wan wasn't having a birthday party. He was too busy attending to the details of a different momentous occasion: Shuanghui's USD7.08billion acquisition of US-based Smithfield Foods (Smithfield), one of the world's largest integrated pork production, processing, and packing companies.Wan had outbid other potential buyers in the international pork industry, including the better-known Brazil-based JBS S.A. and Thailand-based Charoen Pokphand Foods, by paying a 30.9% premium over Smithfield's trading price as of May 28, 2013. To fund the acquisition, Shuanghui had borrowed USD4billion from more than 10 foreign banks. (Notably, no domestic Chinese banks were among the lenders.) The acquisition had also been subject to a rigorous and lengthy approval process by the Committee on Foreign Investment in the United States (CFIUS), which had closely examined national food security concerns and considered the potential for fear on the part of US consumers about the takeover of an iconic American brand by an unknown Chinese entity.Before the deal, Wan and his team's due diligence had revealed Smithfield's existing strengths and rich promise. For the year ended December 31, 2012, Smithfield had revenues of more than USD13billion and net income of USD361million—a decline from the previous year's revenues of USD12.2billion and net income of USD521million (Exhibit1). But the company had recovered from the massive losses it had suffered as a result of the 2008–09 global economic downturn (2009 and 2010 net income was −USD198.4million and −USD101.4million, respectively), and Smithfield retained its reputation as a purveyor of reliably high-quality meat. Given China's growing appetite for pork (Exhibit2), and the long-term flatness in America's pork consumption (Exhibit3), Wan postulated that excess US production could be exported to meet the demands of the Chinese market (Exhibit4).. . ." @default.
- W3138334679 created "2021-03-29" @default.
- W3138334679 creator A5018308540 @default.
- W3138334679 creator A5076184800 @default.
- W3138334679 creator A5076897258 @default.
- W3138334679 date "2020-09-13" @default.
- W3138334679 modified "2023-10-18" @default.
- W3138334679 title "A Pig in a Poke? Shuanghui's Acquisition of Smithfield" @default.
- W3138334679 hasPublicationYear "2020" @default.
- W3138334679 type Work @default.
- W3138334679 sameAs 3138334679 @default.
- W3138334679 citedByCount "0" @default.
- W3138334679 crossrefType "posted-content" @default.
- W3138334679 hasAuthorship W3138334679A5018308540 @default.
- W3138334679 hasAuthorship W3138334679A5076184800 @default.
- W3138334679 hasAuthorship W3138334679A5076897258 @default.
- W3138334679 hasConcept C119857082 @default.
- W3138334679 hasConcept C144133560 @default.
- W3138334679 hasConcept C17744445 @default.
- W3138334679 hasConcept C191935318 @default.
- W3138334679 hasConcept C199539241 @default.
- W3138334679 hasConcept C2776291640 @default.
- W3138334679 hasConcept C41008148 @default.
- W3138334679 hasConceptScore W3138334679C119857082 @default.
- W3138334679 hasConceptScore W3138334679C144133560 @default.
- W3138334679 hasConceptScore W3138334679C17744445 @default.
- W3138334679 hasConceptScore W3138334679C191935318 @default.
- W3138334679 hasConceptScore W3138334679C199539241 @default.
- W3138334679 hasConceptScore W3138334679C2776291640 @default.
- W3138334679 hasConceptScore W3138334679C41008148 @default.
- W3138334679 hasLocation W31383346791 @default.
- W3138334679 hasOpenAccess W3138334679 @default.
- W3138334679 hasPrimaryLocation W31383346791 @default.
- W3138334679 hasRelatedWork W1512378375 @default.
- W3138334679 hasRelatedWork W189215457 @default.
- W3138334679 hasRelatedWork W1928761171 @default.
- W3138334679 hasRelatedWork W2031159546 @default.
- W3138334679 hasRelatedWork W2312981996 @default.
- W3138334679 hasRelatedWork W2321693976 @default.
- W3138334679 hasRelatedWork W2325605307 @default.
- W3138334679 hasRelatedWork W2336619896 @default.
- W3138334679 hasRelatedWork W2495567816 @default.
- W3138334679 hasRelatedWork W2521132251 @default.
- W3138334679 hasRelatedWork W2523555082 @default.
- W3138334679 hasRelatedWork W2610696900 @default.
- W3138334679 hasRelatedWork W2615358075 @default.
- W3138334679 hasRelatedWork W2727744486 @default.
- W3138334679 hasRelatedWork W2890111824 @default.
- W3138334679 hasRelatedWork W290254921 @default.
- W3138334679 hasRelatedWork W3118910030 @default.
- W3138334679 hasRelatedWork W351000124 @default.
- W3138334679 hasRelatedWork W867351902 @default.
- W3138334679 hasRelatedWork W2159109346 @default.
- W3138334679 isParatext "false" @default.
- W3138334679 isRetracted "false" @default.
- W3138334679 magId "3138334679" @default.
- W3138334679 workType "article" @default.