LIVESTOCK NEWS
Another Smithfield Suitor?
Tue Sep 3, 2013 09:35 AM CDT

(Dow Jones) -- In a Tuesday letter to Smithfield Foods Inc. shareholders, activist hedge fund Starboard Value LP said it has received indications of interest from possible buyers that imply a value for the pork producer "substantially" above the purchase price already agreed to with China's Shuanghui International Holdings Ltd.

Starboard -- which holds a 5.7% stake in Smithfield -- also said it will vote against the merger for now.

A representative of Smithfield didn't immediately respond to a request for comment.

Smithfield -- the world's largest hog farmer and pork processor -- agreed in May to be bought by ...

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