UPDATE 1-Starboard hires bankers to explore Smithfield deals

Newswire

July 12 (Reuters) - Activist shareholder Starboard Value LP said on Friday it hired financial advisers to explore alternative deals for Smithfield Foods Inc., which in late May agreed to a $4.7 billion sale to Hong Kong-based Shuanghui International Holdings. Starboard, a New York-based hedge fund that is Smithfield's largest shareholder, disclosed in a regulatory filing that it had hired Moelis & Co. and BDA Advisors Inc. in its effort. ...

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