NEW YORK (Thomson Financial) - Smithfield Foods Inc. Monday said its 50/50
joint venture with Oaktree Capital Management, Groupe Smithfield Holdings, has
agreed to merge with Campofrio Alimentacion S.A.
Campofrio will issue shares to Smithfield Foods and Oaktree in exchange for
all of the membership interests in Groupe Smithfield.
Smithfield, which currently owns 24% of Campofrio, will own 36% of the
combined company after the merger, the company said.
Smithfield shares closed at $19.85 on Friday.
Christie Rizk
cr/vj
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