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Nov 30, 2006
Smithfield Foods Announces Second Quarter Earnings
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Smithfield, Virginia (November 30, 2006)—Smithfield Foods, Inc. (NYSE: SFD) reported net income for the second quarter of fiscal 2007 of $44.7 million, or $.40 per diluted share, versus net income last year of $51.6 million, or $.46 per diluted share. Last year’s second quarter included pretax charges totaling $16.3 million, or $.09 per...
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Nov 30, 2006
Smithfield Foods Names Robert W. Manly Interim Chief Financial Officer
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Smithfield, Virginia (November 30, 2006)—Smithfield Foods, Inc. (NYSE: SFD) announced today that Robert W. (“Bo”) Manly, executive vice president, has been named interim chief financial officer, effective January 1, 2007. Mr. Manly has 29 years of industry experience in operations and finance. He succeeds Daniel G. Stevens, who, e...
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Nov 20, 2006
Smithfield Foods to Host Second Quarter Conference Call November 30
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Smithfield, Virginia (November 20, 2006)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2007 second quarter earnings on Thursday, November 30 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Standard Time, Thursday, November 30. To listen via telephone, call (800) 230-1074. The call can be ac...
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Nov 6, 2006
Smithfield Foods and Premium Standard Farms Receive Request For Additional Information Under U.S. Hart-Scott Rodino Act
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Smithfield, VA, November 6, 2006 – Smithfield Foods, Inc. (NYSE: SFD) and Premium Standard Farms, Inc. (Nasdaq: PORK) today announced that each has received a request for additional information, commonly referred to as a Second Request, from the Antitrust Division of the U.S. Department of Justice (DOJ) in connection with Smithfield’s p...
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Oct 18, 2006
Smithfield Beef Group and ContiGroup Companies To Build New Beef Processing Plant
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GREEN BAY, Wis. (October 18, 2006)—Smithfield Beef Group, Inc. and ContiGroup Companies, Inc. today announced an agreement in principle to form a 50/50 joint venture to build a new, state-of-the-art beef processing plant in Texas County, Oklahoma, that will create 2,500 to 3,000 jobs.Construction of the plant, which will be the first ...
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Oct 2, 2006
Smithfield Foods Completes Acquisition Of ConAgra Foods Refrigerated Meats Business
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Smithfield, Virginia (October 2, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it had completed the acquisition of the assets of the branded meats business of ConAgra Foods, Inc. (NYSE: CAG) for $571 million in cash, subject to certain post-closing adjustments. Originally Smithfield announced that $100 million in Smith...
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Sep 19, 2006
Smithfield Foods, Paula Deen Join Forces To Encourage Families to Eat Meals Together
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NEW YORK (September 19, 2006)—Smithfield Foods, Inc. announced today that cel...
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Sep 18, 2006
Smithfield Foods And Premium Standard Farms Agree To Merger
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SMITHFIELD, VA, September 18, 2006 – Smithfield Foods, Inc. (NYSE: SFD) and Premium Standard Farms, Inc. (Nasdaq: PORK) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which Smithfield Foods (“Smithfield”) will acquire all of the outstanding shares of Premium Standard Fa...
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Sep 5, 2006
C. Larry Pope, President and CEO of Smithfield Foods, Inc., To Present at Prudential Back-To-School Consumer Conference
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Smithfield, Virginia (September 5, 2006)—C. Larry Pope, president and chief executive officer of Smithfield Foods, Inc. (NYSE: SFD), will make a presentation at Prudential Equity Group’s Fifteenth Annual Back-To-School Consumer Conference 2006 at 1:30 p.m., Eastern Daylight Time, Wednesday, September 6, 2006 in Boston, Massachusetts. Th...
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Aug 23, 2006
Smithfield Foods Reports First Quarter Earnings
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Smithfield, Virginia (August 23, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today reported net income for the first quarter of fiscal 2007 of $24.6 million, or $.22 per diluted share, versus net income last year of $49.0 million, or $.44 per diluted share. Sales were $2.8 billion, compared to $2.9 billion last year.Income from continuin...
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Aug 11, 2006
Smithfield Foods to Host First Quarter Conference Call August 23
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Smithfield, Virginia (August 11, 2006)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2007 first quarter earnings on Wednesday, August 23 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Daylight Time, Wednesday, August 23. To listen via telephone, call (800) 230-1059. The call can be accesse...
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Aug 10, 2006
Revised: Smithfield Foods And Oaktree Capital Management Joint Venture Completes Acquisition Of Sara Lee's European Meats Business
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Smithfield, Virginia (August 10, 2006)—Smithfield Foods, Inc. (NYSE:SFD) issued the following statement to correct its press release of August 8, 2006. In the August 8 press release, Smithfield stated that Groupe Smithfield S.L., the 50/50 joint venture that had acquired Sara Lee’s European meats business, had financed the acquisition ...
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Aug 8, 2006
Smithfield Foods and Oaktree Capital Management Joint Venture Completes Acquisition of Sara Lee's European Meats Business
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Smithfield, Virginia (August 8, 2006)—Groupe Smithfield, S.L., the joint venture of Smithfield Foods, Inc. (NYSE: SFD) and Oaktree Capital Management, LLC, today announced that it had completed the acquisition of the European meats business of Sara Lee Corporation (NYSE: SLE) for $575 million, plus the assumption of pension-related liabilitie...
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Jul 31, 2006
Smithfield Foods Agrees To Acquire ConAgra Foods' Refrigerated Meats Businesses
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Smithfield, Virginia (July 31, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it has signed a definitive agreement to acquire substantially all of the assets of the branded meats business of ConAgra Foods, Inc. (NYSE: CAG) for $575 million.The business includes the packaged meats and turkey products sold under the Armou...
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Jun 27, 2006
Smithfield Foods To Acquire Sara Lee's European Meats Business
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Smithfield, Virginia (June 27, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it has signed a purchase agreement to acquire the European meats business of Sara Lee Corporation (NYSE: SLE) for $575 million, plus the assumption of pension-related liabilities in an amount not to exceed $39 million. Smithfield intends to complete ...
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Jun 15, 2006
Smithfield Foods To Divide Chairman and CEO Positions
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Smithfield, Virginia (June 15, 2006)—Joseph W. Luter, III today announced that he plans to relinquish the title of chief executive officer of Smithfield Foods, Inc. (NYSE: SFD) after serving for 31 years as chairman and chief executive officer.Smithfield’s board of directors said that Mr. Luter will step aside from the position ...
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Jun 8, 2006
Smithfield Foods Reports Fourth Quarter Earnings
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Smithfield, Virginia (June 8, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today reported net income for the fourth quarter of fiscal 2006 of $1.1 million, or $.01 per diluted share, versus net income last year of $85.4 million, or $.76 per diluted share. Sales were $2.7 billion, compared to $2.9 billion last year.Income from continuing ...
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Jun 1, 2006
New Smithfield Foods Internet-based Division To Enter Corporate Gift and Incentive Market
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SMITHFIELD, Va. (June 1, 2006)—Smithfield Foods, Inc. announced today that it has launched a new business unit that will offer the company’s specialt...
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May 23, 2006
Smithfield Foods to Host Fourth Quarter Conference Call June 8
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Smithfield, Virginia (May 23, 2006)—Smithfield Foods, Inc. (NYSE: SFD) will announce its fiscal 2006 fourth quarter earnings on Thursday, June 8 before the market opens. The company will host a conference call at 9:00 a.m., Eastern Daylight Time, Thursday, June 8. To listen via telephone, call (800) 230-1074. The call can be accessed live on ...
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May 5, 2006
Smithfield Foods Enters Exclusive Negotiation Period To Purchase Sara Lee European Meats Business
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Smithfield, Virginia (May 5, 2006)—Smithfield Foods, Inc. (NYSE: SFD) today announced that it has entered into an exclusive negotiation period regarding the purchase of the European meats business of Sara Lee Corporation (NYSE: SLE). Headquartered in Hoofddorp, The Netherlands, Sara Lee’s European meats business generated $1.1 ...
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