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Sean Silcoff

Pork deal highlights Ottawa’s murky foreign takeover stance on China

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Is Chinese-owned bacon a threat to U.S. national security? That’s a question now before the U.S. Treasury Department’s Committee on Foreign Investments in the United States (CFIUS) after Chinese company Shuanghui International Holdings struck a friendly deal on Wednesday to buy U.S. pork giant Smithfield Foods for $4.7-billion (U.S.) cash.