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ContiBeef LLC and Smithfield Foods Inc. will merge their cattle feedlots under a joint venture that will become the largest U.S. cattle feeding business.


ContiBeef LLC (Logical Link Control) See "LANs" under data link protocol.

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 Inc. will merge their cattle feedlots under a joint venture that will become the largest U.S. cattle feeding business. Under the 50/50 deal, which should start operations by April 30, Smithfield's four feedlots and ContiBeef's six feedlots will be operated as a stand-alone company stand-alone company

An independent operating firm. For example, a large diversified firm may consider spinning off a subsidiary because, as a stand-alone company, the subsidiary would command a higher price-earnings ratio than the parent.
 with a one-time cattle feeding capacity of 811,000 head. Monsanto Company has signed a definitive agreement to acquire
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Title Annotation:MARKETING NEWS
Comment:ContiBeef LLC and Smithfield Foods Inc. will merge their cattle feedlots under a joint venture that will become the largest U.S. cattle feeding business.(MARKETING NEWS)
Publication:Agri Marketing
Geographic Code:1USA
Date:Apr 1, 2005
Words:70
Previous Article:Bayer CropScience LP and a subsidiary of Makhteshim Agan Industries have entered into a multi-year supply agreement for tebuconazole fungicide for...
Next Article:Monsanto Company has signed a definitive agreement to acquire Emergent Genetics Inc. for $300 million.(MARKETING NEWS)
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