Smithfield Foods' CEO Larry Pope goes to Washington

Smithfield Foods CEO Larry Pope will face pointed questions in front of a swarm of journalists this afternoon.

Pope is the key witness in a Senate Agriculture Committee hearing, convened to ask whether the federal review process for foreign acquisitions of U.S. food companies is adequate.

Smithield announced in late May an offer from Shuanghui International to acquire all shares of the company's stock, but the deal must be approved by shareholders and clear federal regulatory hurdle before it's completed.

The hearing starts at 2:30 p.m. and will be webcast on the committee's website.

To watch go to http://www.ag.senate.gov/hearings/smithfield-and-beyond_examining-foreign-purchases-of-american-food-companies

For coverage of the hearing, check http://www.dailypress.com and read tomorrow's Daily Press.

Source: http://dailypress.feedsportal.com/c/34257/f/656251/s/2e722ba6/l/0L0Sdailypress0N0Cnews0Cbreaking0Cdp0Enws0Esmithfield0Econgress0Eonline0E20A130A7110H0A0H54510A550Bstory0Dtrack0Frss/story01.htm

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