Shuanghui International Holdings and Smithfield Foods said Friday that their proposed merger deal has got approval from a key U.S. national security review.

The transaction remained subject to Smithfield shareholder approval and other customary closing conditions. Smithfield's shareholders are scheduled to vote on the transaction at a special shareholders meeting on Sept. 24.

Shuanghui and Smithfield said they expected the transaction to close shortly thereafter.

In late May, China's largest meat producer Shuanghui agreed to acquire Smithfield, the world's largest pork producer and processor, for about 4.7 billion U.S. dollars. It is the biggest Chinese takeover of a U.S. company once completed.

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