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Senators Urge Broad Review of Smithfield Sale

2013-06-20 15:59:00| National Hog Farmer

Source: U.S. Senate A bipartisan group of senators including Sen. Debbie Stabenow, chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry and Sen. Thad Cochran, ranking member of the committee, raised questions Wednesday regarding government oversight of the proposed purchase of Smithfield Foods and future foreign acquisitions of American agriculture companies. read more

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Zacks Reiterates Neutral Rating for Smithfield Foods

2013-06-20 01:59:06| Food - Topix.net

's stock had its "neutral" rating reiterated by Zacks in a report issued on Wednesday, StockRatingsNetwork reports.

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Smithfield Sponsors Bacon Celebration

2013-06-19 18:29:00| National Hog Farmer

Source: Smithfield Foods   To celebrate America’s bacon obsession, from breakfast to dessert, the 42nd annual Florida Restaurant & Lodging Show will host the Bacon Celebration Event sponsored by Smithfield Foodservice.  Foodservice professionals will be able to discover various ways to use bacon in the All-New Bacon Demonstration Theater during the show, taking place Sept. 22-24, 2013 at the Orange County Convention Center in Orlando, FL.  read more

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Starboard's battle with Smithfield over China-deal adds to activist image

2013-06-18 10:01:55| Food - Topix.net

Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL and Office Depot Inc. Initially investing in small cap value companies, Starboard quickly gained a reputation in Silicon Valley as a ... (more)

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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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