RE: FARMLANDThe acquisition would also get Smithfield back for sticking their nose in the Schneider deal.
“In response, Frazen accused Smithfield of trying to block other potential bidders for Farmland's meat business by giving them the impression it "has a leg up" since its taking part in the bankruptcy process. Smithfield bought $13,600 worth of Farmland IOUs from unpaid creditors just so it could have a say in the bankruptcy.
1. "If we seem to be acting mistrustful toward Smithfield, it is because we are," Frazen said.
Frazen said it has received requests for information about its meat businesses from 16 parties, including Smithfield. All of them except Smithfield have agreed to confidentiality agreements that prevent them from sharing financial information.”
https://www.kansascity.com/mld/kansascity/business/5161463.htm