Starboard Seeks Group to Form Rival Smithfield Bid

Starboard Seeks Group to Form Rival Smithfield Bid Play

Aug. 9 (Bloomberg) -- Starboard Value, an investor in Smithfield Foods, approached buyout firms and meat processors to encourage them to form a bidding group to derail a Chinese takeover, said two people familiar with the process. Stephen Engle has more on Bloomberg Television's "First Up." (Source: Bloomberg)

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