Epoch Times – An activist investor could scuttle a proposed bid by China to acquire Smithfield Foods Inc., the biggest U.S. pork processor and hog producer.
On Monday, the hedge fund Starboard Value LP sent a letter to the board of Smithfield, arguing that the company should split its businesses and sell them individually, instead of going forward with a proposed $4.7 billion sale, including debt, to a Chinese meat processor.
