Starboard hires bankers to explore Smithfield deals
July 12 (Reuters) - Activist shareholder Starboard Value LP said on Friday it engaged financial advisors to explore alternative deal options for Smithfield Foods Inc aside from its planned takeover by China's Shuanghui.
Starboard, a New York-based hedge fund and a large Smithfield shareholder, said it hired Moelis & Co and BDA Advisors Inc.
Smithfield declined to comment. Shuanghui officials were not immediately available for comment.