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Investor urges Smithfield Foods to kill Chinese buyout

2013-06-18 10:01:54| Food - Topix.net

One of Smithfield Foods Inc. 's largest investors would like to chop up America's biggest pork producer and sell it piece-by-piece, with representatives urging the board of directors to kill a planned $4.7 billion buyout by a Chinese company that they say "significantly understates" the company's value.

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