Starboard Value LP, the activist investor that’s advocating a breakup of Smithfield Foods Inc., said it received interest from third parties that may want to buy the individual assets of the world’s largest pork supplier.

The investment firm is working with the parties, which it didn’t identify, to form an alternative to a $34-a-share takeover offer from China’s Shuanghui International Holdings Ltd., Starboard said yesterday in a filing.

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