A painted pig stands on the lawn of Smithfield Foods executive offices in Smithfield, Virginia May 30, 2013. Smithfield could list its shares as early as next year, the WSJ reported, adding that the deliberations are ongoing and the timing could change. "The company regularly evaluates relisting Smithfield's stock in the U.S., but there is no time-table for it," WH Group said in an emailed statement to Reuters. WH Group acquired Smithfield in 2013 in a $4.7-billion deal, aimed at tapping the massive supplies of U.S. meat for export to China. Amid spiraling feed and labor costs, meat companies have struggled to predict demand for their products.

Source: Wall Street Journal October 19, 2023 04:37 UTC