Smithfield Foods, Inc. Presents at BMO Capital Markets 2013 Farm to Market Conference, May-14-2013 03:00 PM. Venue: Grand Hyatt Hotel, New York, New York, United States. Speakers: C. Larry Pope, Chief Executive Officer, President, Executive Director and Member of Executive Committee, Robert W. Manly, Chief Financial Officer and Executive Vice President.

Continental Grain Company, shareholder of Smithfield Foods, Inc. (NYSE:SFD), is requesting the company to sell underperforming assets. Continental Grain holds 6% stake in Smithfield. Continental Grain said it is seeking to justify a business as usual approach despite destroying shareholder value. ContiGroup's proposals include splitting Smithfield into three independent companies by divesting 51% of hog production and select European assets, it also also suggests Smithfield continue to own its Campofrio stake and Mexican assets and institute an annual dividend. However, C. Larry Pope, Chief Executive Officer of Smithfield, said, "We believe that Continental Grain's analysis of the benefits of a divestiture of our hog production business and select European assets, which they have made before, is inherently flawed, based on an intensive and ongoing review of these and other alternatives by the board, management and our financial and legal advisors."

Smithfield Foods, Inc. - Shareholder/Analyst Call