Activist Client Starboard Hires Financial Advisers in Evaluating Smithfield Foods

The Wall Street Journal, Law 360 (subscription required), Bloomberg, New York Times DealBook and other financial media reported on Starboard’s hiring of financial advisers to assist Starboard in identifying potential buyers for Smithfield Foods’ individual business units.  Starboard believes that Smithfield Foods could be worth significantly more if sold piece-by-piece than the company’s current $34-per-share deal with Chinese meat producer Shuanghui International Holdings.  Steve Wolosky, Andrew M. Freedman and Meagan M. Reda represent Starboard in the Smithfield Foods matter.