Smithfield Foods Inc said on Friday its board would review a letter from shareholder Continental Grain Co that it received on Thursday.Smithfield did not discuss the details of the letter in a brief statement. On Thursday, Continental Grain said it urged Smithfield's board to consider splitting the leading U.S. hog producer into three units and initiating a regular cash dividend.Continental Grain is Smithfield's largest shareholder, with a 9.23 percent stake as of July, according to Thomson Reuters data.Smithfield said its board would review the memorandum from Continental Grain in due course, in consultation with financial and legal advisers.
Smithfield Foods, Inc. produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. Shares of SFD remained unchanged at $24.68. In the past year, the shares have traded as low as $17.55 and as high as $25.03. On average, 1875390 shares of SFD exchange hands on a given day and today's volume is recorded at 3120.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $30.74. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 887337 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Shares of TRI traded higher by 0.41% or $0.13/share to $31.62. In the past year, the shares have traded as low as $26.65 and as high as $31.99. On average, 934125 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1425930.
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