SMITHFIELD, Va. — A US committee that reviews mergers between American companies and those overseas has given clearance to the proposed sale of Smithfield Foods Inc. to a Chinese company.
Smithfield said Friday that the U.S. Committee on Foreign Investment in the United States gave clearance for the pork producer to be acquired by Shuanghui International Holdings Ltd.
The committee reviews overseas transactions for national-security implications.
The proposed buyout also received clearance from the Ukraine government, Smithfield said.
Hong Kong-based Shuanghui agreed in May to buy Smithfield in a deal valued at $7.1 billion, including debt.
Smithfield shareholders are scheduled to vote on the transaction on Sept. 24. Full story for BostonGlobe.com subscribers.