Smithfield Foods/Nathan’s Famous: MAGA Food Supply Concerns, Past Alleged Violations Could Foil Plan for Quick CFIUS Clearance

Chinese-owned Smithfield Foods’ (SFD) attempt to fast track national security approval for its proposed $450 million acquisition of iconic U.S. hot dog brand Nathan’s Famous (NATH) could be derailed by administration concerns over China’s involvement in the U.S. food supply, the target’s sales in U.S. defense installations and past alleged legal violations by WH Group, […]