In what would be the largest Chinese takeover of an American company, Shuanghui proposes a $4.7 billion purchase of Smithfield Foods, the world's largest pork producer.
While many market analysts have been touting the recent spate of mergers and acquisitions as a sign of business confidence, the trend might be more out of necessity.
Multibillion-dollar deals involving Dell, American Airlines and Heinz may portend another boom in giant mergers and buyouts. But historians warn most mergers go bust.