Smithfield Foods holders tender less than 1% of 7¾% notes in offer

By Susanna Moon

Chicago, Oct. 28 - Smithfield Foods, Inc. said holders tendered $3,329,000 principal amount, or 0.67%, of its 7¾% senior notes due 2017 in the change-of-control offer that ended at 11:59 p.m. ET on Oct. 25.

As announced Sept. 27, the company offered to purchase the notes at 101 plus accrued interest after a change of control occurred when the company was acquired by Shuanghui International Holdings Ltd. on Sept. 26.

Settlement has been set for Oct. 30.

U.S. Bank NA (800 934-6802) is acting as the depositary.

Smithfield Foods is a food company based in Smithfield, Va.

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