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Wednesday, April 7, 2010 as of 11:14 AM ET

Larry Pope

Lawrence Thomas Popein (born August 11, 1930 in Yorkton, Saskatchewan) is a retired professional ice hockey player who played 449 games in the National Hockey League.

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Smithfield to sell stake in Butterball

(Recasts, adds details)CHICAGO(Reuters) - Pork producer Smithfield FoodsInc said Friday it will sell its 49 percent stakein turkey producer Butterball LLC to its joint venture partnerfor about $175 million.

Smithfield and Maxwell Farms LLC have jointly owned theButterball brand since 2006. The sale should be completed bythe end of the year and Smithfield will use the proceeds to paydown debt.Maxwell Farms will then sell half of Butterball toagriculture company Seaboard Corp . Late on Thursday,Seaboard said it had reached a deal to buy 50 percent ofButterball in partnership with Maxwell Farms."We are pleased to be partnering with Seaboard and movingforward as the buyer of Butterball, the strongest brand in theturkey industry," Walter Pelletier, president of Maxwell Farms,said in Thursday's statement.Earlier this week Smithfield Foods had said it would likelysell its 49 percent stake in the joint venture. Smithfield hadunsuccessfully tried to buy the remaining 51 percent for about$200 mil...

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  1. Smithfield on verge of exiting Butterball business

    CHICAGO (Reuters) - Pork producer Smithfield FoodsInc said Wednesday it expects it will sell its 49percent stake in Butterball turkeys, a brand it has partiallyowned...

  2. Smithfield profitable, sees more profits for hogs

    * Shares hit highest level since June; up 2 pct midday (Revises first sentence, adds company comments, updates shareprice)By Bob BurgdorferCHICAGO (Reuters) - Pork p...

  3. Smithfield Foods Swings to Profit, Misses Expectations

    Smithfield Foods (NYSE:SFD) said Wednesday it swung to an in-line profit in its fiscal first quarter, but the hog and pork producer’s sales failed to meet Wall Stree...

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