Smithfield Foods Urged To Stop Pigging Out And Consider Breakup By Continental Grains- Wants More Bacon Brought Home

Another day, another story about a large shareholder pushing for a breakup. The latest target is pork company Smithfield Foods (SFD) which received a letter from one of its larger shareholders, Continental Grains, urging the company to hire an outside adviser and to consider ‘strategic changes’ including the possible breakup into three separate companies. Continental argues that since…