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 Local

Iowa Lawmakers Work Ahead of Holiday

Iowa state capital 2

Iowa lawmakers got an extra early start to this Memorial Day weekend.

in Local

Nebraska Lawmakers Vote to Allow Illegal Children to Have Licences

nebraska-state-capital

State lawmakers have moved to end Nebraska's status as the only state left that denies driver's licenses to the children of illegal immigrants.

in Local

Nebraska Governor Please with Spending Plan

money one hundred dollar bill

Nebraska Governor Pete Ricketts is pleased with the $8.6 billion spending plan for the next two years.

in National

Making headlines this week

AP95041159581_28

A look at some of the big stories that made headlines this week and the headlines you may have missed.

in National

WATCH: The history of Memorial Day

23-overlay3

This All-American holiday took a long and winding road to become an annual tradition.