(Reuters) - Starboard Value LP, a large shareholder of Smithfield Foods Inc
The activist shareholder, which on Monday disclosed a 5.7 percent stake in Smithfield, said the company might be worth "well in excess" of the $34 per share offered by Shuanghui if it were to shop its units separately.
Starboard said in a letter to Smithfield's board that its sum-of-the-parts valuation of the company was between $44 and $55 per share.
Shares of Smithfield were up 2 percent at $33.45 in trading before the market opened.
(Reporting by Sakthi Prasad in Bangalore; Editing by Edwina Gibbs and Lisa Von Ahn)
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