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.
On Thursday, American Airlines and US Airways officially announced their long-rumored merger. And Warren Buffett's Berkshire Hathaway said it made a match with Ketchup giant Heinz, in a deal worth billions.