By Karlee Weinmann ( July 16, 2013, 1:24 PM EDT) -- Chinese meat company Shuanghui International Holdings Ltd. is planning an initial public offering after its $4.7 billion acquisition of Smithfield Foods Inc., the biggest pork producer in the U.S., sources told Reuters on Tuesday. The combined company would be valued around $4 billion and would be listed in Hong Kong, one of Asia's biggest and most international stock exchanges. A transaction could offer Shuanghui's private equity backers, including Goldman Sachs & Co. and New Horizon Capital, a lucrative exit path. The deal hinges on the completion of Shuanghui's Smithfield buy, a proposal that has drawn scrutiny from a bipartisan group of lawmakers who question whether Chinese ownership of a major U.S. food supplier could pose safety threats. If it goes through, the transaction would be the largest-ever takeover of a U.S. firm by a Chinese company....
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