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

2 days ago in Local

Genetically Engineered Miniature Pigs Aiding in Research

PigSingle

A northwest Iowa company may be leading something of a shift to swine in medical research

2 days ago in Local

Minnesota Traffic Deaths Reach 100

traffic

There have been 100 traffic deaths on Minnesota roads so far this year.

2 days ago in Local

Iowa Legislators Struggle to Conclude the 2016 Session

fleet of semi trucks- approved- clipart

The Iowa D-O-T's request for an extra 10-million dollars to cover negotiated salary increases is one of the sticking points that remains as lawmakers struggle to conclude the 2016 legislative session.

2 days ago in Local

Rural Airports in Nebraska Can Now Apply for Federal Funding

air force

Rural airports in Nebraska will be able to apply for federal funding now that Congress has approved a rider to the FAA reauthorization sponsored by Congressman Adrian Smith

2 days ago in Local

Compromise In the Works For Family Planning Services

Pregnant Woman Holding Blocks Spelling "Baby"

A compromise may be in the works over where Medicaid patients in Iowa can get family planning services after July 1st.