@cowboycrypto313
https://twitter.com/cowboycrypto313/status/1787471947929907343
Simpson Thacher and Leiming Chen (ex Simpson Thacher partner who was standing next to Bill Hinman at the Alibaba IPO) steered this acquisition of Smithfield Farms by WH Group.
Simpson ended up sending Sandra Kister, an associate at Simpson, to WH Group as their Sr. M&A Counsel. She would go back to Simpson before joining Leiming Chen at Alibaba (Allipay/AntGroup).
Simpson Thacher is just another decades old China virus.
Tweets by WallStreetApes
We cant buy land in China. Why should they be able to buy land here? This isn’t even debatable!
Simpson Thacher Represents Smithfield Foods (NYSE: SFD)
in connection with its definitive gagreement with Shuanghui International Holdins Limited
“The largest pork producer in the U.S.A. is Chines owned, Smithfield Farms.”
“The largest pork producer in the U.S.A. is Chineseowned, Smithfield Farms.”
Guess who steered this merger?!
Bill Hinman’s Simpson Thacher!!!
The same Bill Hinman & Simpson Thacher involved with EthGate and the Chinese funded Ethereum Foundation.
https://twitter.com/wallstreetapes/status/1786586943104708710
Companies Acquired by Smithfield:
Mecom Group ($Unknown)
Kansas City Sausage ($Unknown)
Farmer John ($145M)
Premium Standard Farms ($810M)
Cook’s Ham ($Unknown)
Farmland Foods ($367.4M)
Murphy Family Farms ($Unknown)
Carroll’s Foods ($500M)
John Morrell & Company ($58M)
When the USDA’s own data shows that the average return to feeding cattle in America is a negative $24 per head per month for the past 23 years. We’re reaching the point of no return. Yes. When it’s game over.
We’re at a tough point because we’re losing so many small farms and ranchers and yet we have to change it back even if we were to start today and go we could change anything we wanted overnight and change these rules to apply back competition it’s going to take a lot of time and money and effort to change the industry back to where it’s competitive and works a little bit more even playing field isn’t it?
We’re reaching the point of no return when it’s game over and if you look at our sister industry the hog industry for example four decades ago there were
Over 600,000 independent hog producers scattered all across America. Today, we’ve wiped out nine out of every 10 of them. Now we’re down to 60,000. And so there’s an industry that is now vertically integrated. So vertically integrated means? Means that the meat packer owns the entire supply chain for the product. So he owns where they grow the hogs, where they butcher the hogs, where they sell the hogs, all the way up to the retailer.
And the largest pork producer in the United States of America is Chinese owned, Smith Field Farms.
Which should be alarming to consumers as well. It should be alarming, yes. We’re not going to reverse that hog industry because it has become so vertically integrated and concentrated and controlled. But what we can do is prevent that from happening to the cattle industry.”