Starboard Value Urges Smithfield Foods To Break-up

Starboard Value LP, urged Smithfield Foods, Inc. (NYSE:SFD) to ditch its deal with a Chinese rival and split the company, reports The Wall Street Journal. Starboard Value’s Stake in Smithfield Foods Activist investment fund Starboard Value LP announced that it has taken a 5.7 percent stake in the world’s largest pork producer and processor U.S.-based Smithfield Foods, Inc. (NYSE:SFD). With the acquisition of 5.7 percent stake, Starboard Value LP has become the largest investor in Smithfield Foods, Inc. (NYSE:SFD), displacing Vanguard Group Inc from the position. A major Chinese-holding company Shuanghui International Holdings Ltd has inked a deal in May…