(Bloomberg) -- Smithfield Foods Inc. has picked advisers including Bank of America Corp. and Goldman Sachs Group Inc. to work on an initial public offering...
-- Smithfield Foods Inc . has picked advisers including Bank of America Corp. and Goldman Sachs Group Inc. to work on an initial public offering in the US intending to raise at least $1 billion, according to people familiar with the matter.The US firm, a subsidiary of Hong Kong-based WH Group Ltd., the world’s biggest pork producer, could carry out an IPO as soon as this year, the people said, asking not to be identified discussing a private matter.
WH Group acquired Smithfield in 2013 and the combined firm went public in Hong Kong in 2014 after raising more than $2 billion. WH Group, which has a market value of $8.2 billion, posted revenue of about $26 billion in 2023, with net income of $606 million versus $1.4 billion the previous year, its annual report shows. Smithfield was founded in Virginia in 1936.At SpaceX, Elon Musk’s Own Brand of Cancel Culture Is ThrivingThese two Canadian banks are climbing, but still have so much more room to run.
‘Devastating’: Ex-John Deere employee warns of ‘significant impacts’ of mass layoffs as jobs move to MexicoIf you look up dividend stocks, the top stock likely to come your way as a recommendation is Fortis stock . But read this first! The post A Dividend Giant I’d Buy Over Fortis Stock appeared first on The Motley Fool Canada.
The walls are closing in on Tesla: EV makers just took a bite out of its market share, and investor Bill Gross says it’s a meme stock nowAbstract: An Alberta couple is in a big battle with the Canada Revenue Agency after receiving a repayment bill for benefits paid during COVID-19. As Tomasia DaSilva reports, they don’t believe they should have to pay back the $14,000 the CRA says is owed.
Bank Of America Smithfield Foods Inc Bloomberg Initial Public Offering
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-Goldman Banker Says Obviously Fake Ozy Call Left Mind ‘Blown’A former Goldman Sachs Group Inc. banker testified her mind was “blown” when she realized the person she was talking to on a 2021 phone call arranged by Ozy Media Inc. Chief Executive Officer Carlos Watson was using a voice-altering device. That deceit led Goldman to cancel a planned $35 million investment.
Read more »
AtkinsRéalis Group Inc to sell stake in Toronto’s highway 407 toll roadThe Canadian engineering giant is aiming to grow revenue by at least 8 per cent
Read more »
Apparel retailer Express Inc's bankruptcy buyout gets court approvalPhoenix, a joint venture among equity investor WHP Global and mall owners Simon Property Group and Brookfield Properties, on Friday received approval from a ...
Read more »
Snapchat Inc. to pay $15 million to settle discrimination and harassment lawsuit in CaliforniaSAN FRANCISCO (AP) — Snapchat Inc. will pay $15 million to settle a lawsuit brought by California’s civil rights agency that claimed the company...
Read more »
Snapchat Inc. to pay $15-million to settle discrimination and harassment lawsuit in CaliforniaSnapchat to pay $15-million to settle lawsuit that claimed the company discriminated against female employees
Read more »
Snapchat Inc. To Settle Lawsuit That Claims Discrimination Against Female EmployeesSnapchat Inc. will pay $15 million to settle a lawsuit brought by California’s civil rights agency.
Read more »