Starboard Value, the activist hedge fund that owns a 5.7% stake in Smithfield Foods (SFD),...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

Starboard Value, the activist hedge fund that owns a 5.7% stake in Smithfield Foods (SFD), reportedly is hiring advisers to help press its case for a different deal than one already arranged with China's Shuanghui. SFD has agreed to be bought by Shuanghui for $34/share, or $4.7B, in what would be the biggest Chinese takeover of a U.S. company.