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UPDATE 1-Continental Grain heads toward Smithfield proxy fight

2013-04-25 20:55:07| Food - Topix.net

Continental Grain Co, a large shareholder in Smithfield Foods Inc, moved toward a proxy fight with the meat company on Thursday, saying it will seek shareholder support in connection with a turnaround plan it says could lift Smithfield's shares to $40 in three years.

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