Local

South Dakota Pork Executive Says Solid Company Needs To Buy Smithfield

South Dakota Pork Executive Says Solid Company Needs To Buy Smithfield

 

Activist shareholder Starboard Value LP has told Smithfield shareholders it will vote against the company’s purchase by Shuanghai of China. Starboard is working with possible buyers to construct an all cash proposal from a single entity for acquisition of Smithfield.  South Dakota Pork Producer Council’s Executive Director Glenn Muller says it’s important that whoever buys Smithfield is a business that is on solid financial grounds.

Muller says it doesn’t have to be a U.S. company that purchases Smithfield as long as they can ensure good export business.

Starboard officials believe that Smithfield would be worth more if it were broken up into three parts, U.S. pork production, hog farming, and international sales of fresh and packaged meats, and then sold.

Recent Headlines

in National

Making headlines this week

AP703639293459_11

A look back on this week's biggest stories and the headlines you may have missed.

in Local

Bill Approved to Address Elderly Abuse

state capitol pierre

The South Dakota House State Affairs Committee approved a bill (Friday) that would set up an elder abuse task force in the state.

in Agriculture

Farm Bill Deadline Today

farming1

Today is the deadline for farmers to make some key decisions governing their operations under the new farm bill.

in Agriculture

Fast Food Companies Support RFS Repeal

CornDry

Representatives of White Castle, Wendy’s And Arby’s Fast Food companies are urging support for legislation to repeal the Renewable Fuel Standard.

in Agriculture

Trans Canada Temporarily Loses Eminent Domain

Keystone XL

The York County Nebraska District Court has issued a temporary injunction against Trans Canada which disallows their use of eminent domain.