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Hedge Fund Could Thwart Chinese Takeover of US Pork

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.

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