Smithfield foods, America's biggest producer of meats (including bacon) is now on the auction block and a Chinese firm known for low quality control practices is the highest bidder. At $2.6 billion, this would make it the largest Chinese takeover of an American company yet.
http://www.reuters.com/article/2013/05/31/us-smithfield-shuanghui-dealtalk-idUSBRE94U14620130531
