This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
SMITHFIELD FOODS SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Smithfield Foods Inc. In Connection With Sale To Shuanghui International Holdings Ltd.
May 30, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Smithfield Foods Inc. ("
Smithfield" or the "Company") (NYSE: SFD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to the Shuanghui International Holdings Ltd.
Click here to learn more about the investigation
http://zlk.9nl.com/smithfield-foods-sfd/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction,
Smithfield shareholders will receive
$34 for each share of
Smithfield stock they own. The transaction has a total approximate value of
$7.1 billion, including the assumption of debt. The investigation concerns whether the
Smithfield Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Shuanghui International Holdings Ltd. is underpaying for
Smithfield, thus unlawfully harming
Smithfield shareholders. In particular, at least one analyst set a price target for
Smithfield stock at
$48.00 per share.
If you own common stock in
Smithfield and wish to obtain additional information, please contact
Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP