NEWS
Fri Sep 20, 2013 05:15 PM CDT

(AP) -- Smithfield Foods Inc.'s largest shareholder says it will vote in favor of a proposed takeover by a Chinese meat producer after failing to find an alternative bidder.

Starboard Value LP had said earlier this month that that it would vote against Shuanghui International Holdings Ltd.'s $34 per share offer because it wanted more time to seek alternatives that would provide better shareholder value.

The New York investment firm said Friday that it believes another bidder could have offered shareholders a better deal, but it could not secure an offer under existing time and financial constraints. Unless another proposal ...

Quick View
  • Crop Tech Corner Researchers have developed GE wheat that yields far better under hot conditions, a wheat gene is ...
  • The Attraction of Youth Combine genotyping with a yearling bull, or even a weanling, and you're less likely to make a poo...
  • Kubota Steps Up A new mid-range, high-horsepower M7 tractor moves this company into the row-crop arena.
  • Fines for Fringe Benefits A little-noticed rule in the Affordable Care Act could impose huge penalties on small business. I...
  • Clean Water Goes a Long Way Cleaning up 900 feet of a small creek in Kentucky brings rebirth to water once choked with sedime...
  • Beef Checkoff Effort Resumes Members of the eight organizations comprising the Beef Checkoff Enhancement Working Group were se...
  • Ag and Environment Outlook Agriculture continues to watch how the U.S. Environmental Protection Agency implements the propos...
  • Surgery on Plastics Dharma Kodali's goal is to insert soybean oil in the basic ingredient list for PVC plastics.
  • Ask the Vet How should I treat a cow with a swelling on her flank?
Related News Stories
Harrington's Sort & Cull
DTN's Livestock Quick Takes
Beef Checkoff Effort Resumes
Ask The Vet
Certified at 99%
The Attraction of Youth
DTN Before The Bell-Livestock
Livestock Outlook
DTN Closing Livestock Comments
DTN Before The Bell-Livestock