Starboard Value LP, the activist investor urging Smithfield Foods Inc. to consider a breakup, hired Moelis & Co. and BDA Advisors Inc. as financial advisers.
The two firms will be paid a fee based on the appreciation of Starboard’s stake in Smithfield above the $34-a-share offer from China’s Shuanghui International Holdings Ltd., Starboard said today in a filing.
