Continental Grain to sell entire stake in Smithfield Foods
June 03, 2013 at 23:14 PM EDT
June 4 (Reuters) - Continental Grain Co, the largest shareholder in Smithfield Foods Inc, said on Monday it would sell its entire stake in the world's biggest pork producer, preventing an impending proxy battle after China's Shuanghui International Holdings moved in to buy Smithfield in a multi-billion dollar deal.
