Talking turkey.

Position:Triangle
 
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Smithfield Foods Inc. isn't happy with its minority stake in turkey processor Butterball LLC, and the Virginia-based meat packer either wants the 51% it doesn't own or wants out of its joint venture with Goldsboro-based Maxwell Farms LLC. In June, it offered Maxwell Farms $200 million to go away and demanded an answer by mid-September. "We have been unhappy with the margins that we have achieved in that end of the business," CEO Larry Pope told analysts. He says Garner-based Butterball needs an owner that will invest more, particularly in marketing. "We believe this is a tremendous household...

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