Activist investor Starboard Value is pushing Smithfield Foods to split itself up and offer itself to other bidders,纯天然手镯, rather than proceed with a $4.7 billion takeover by China's Shuanghui International Holdings.
In a letter to the Smithfield board , Starboard Chief Executive Jeffrey Smith argues that Smithfield could be worth $7.1 billion,专业手镯零售，实惠的价格，超赞的品质。, if split off correctly.
That means the company could be bought out at $44 to $55 a share, instead of Shuanghui's offer of $34 a share.
According to the letter,手镯批发, Starboard has taken a 5.7 percent stake in Smithfield Foods (), making it one of the company's largest investors.
Smithfield and Shuanghui declined to comment to the Journal.
Smithfield opposed a similar push earlier this year by Continental Grain Co., which also argued for a Smithfield breakup in March.