{"id":38134,"date":"2013-09-20T12:47:29","date_gmt":"2013-09-20T16:47:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38134"},"modified":"2013-09-20T12:47:29","modified_gmt":"2013-09-20T16:47:29","slug":"hedge-fund-drops-opposition-to-smithfield-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/hedge-fund-drops-opposition-to-smithfield-deal.html","title":{"rendered":"Hedge Fund Drops Opposition to Smithfield Deal"},"content":{"rendered":"<p>NYT &#8211; Starboard Value, the activist hedge fund that was seeking to block Smithfield Foods\u2019 $4.7 billion sale to a Chinese meat processor, dropped its fight on Friday, saying that it could not formalize an alternative takeover bid.<\/p>\n<p>The concession by Starboard removes the last obstacle to the current deal. The meat processor cleared its most daunting hurdle earlier this month when a government panel declared that the sale to Shuanghui International \u2014 the biggest takeover of an American company by a Chinese counterpart \u2014 posed no national security issues, despite concerns raised by lawmakers.<\/p>\n<p><a href=\"http:\/\/dealbook.nytimes.com\/2013\/09\/20\/hedge-fund-drops-opposition-to-smithfield-deal\/\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYT &#8211; Starboard Value, the activist hedge fund that was seeking to block Smithfield Foods\u2019 $4.7 billion sale to a Chinese meat processor, dropped its fight on Friday, saying that it could not formalize an alternative takeover bid. The concession [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38134","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38134"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38134\/revisions"}],"predecessor-version":[{"id":38135,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38134\/revisions\/38135"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}