April 6/Smithfield, Va./The Associated Press -- Smithfield Foods Inc. is in talks to buy a controlling interest of the European packaged meats company Campofrio Food Group SA for 9.5 euros ($13.62) per share.
Smithfield, a pork processor and hog producer, and Campofrio Chairman Pedro Ballve are considering takeover bid for an approximately 50% stake of Campofrio. Smithfield currently owns 37% of the business.