Latest Business News: Shuanghui's $4 Billion Loan Raises $5 Billion so Far

wochit business
July 12, 2013 AT 12:08 PM
The $4 billion loan backing Chinese pork producer Shuanghui International's $4.7 billion bid for U.S. meat processor Smithfield Foods, has raised $5 billion from banks so far and could rise to $9 billion, banking sources said.