Source: Lisa M. Keefe, MEATINGPLACE, 11/6/13

Reuters reported on Tuesday that China's Shuanghui International Holdings may be planning a US$5 billion to US$6 billion IPO of the combined company on the Hong Kong exchange in mid-2014.

Referencing two unnamed sources, the news service said the Chinese company has lined up six banks for an IPO, including Goldman Sachs, Morgan Stanley and UBS. Shuanghui's purchase of Smithfield Foods closed in late September; Morgan Stanley is one of the lenders of some $7 billion to finance that acquisition, and Goldman Sachs is a private equity investor in the Chinese company.

"Shuanghui International has no comment regarding the Reuters article," a company spokeswoman told Meatingplace by email.

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