Goldsmith Agio Helms announced the completed sale of Farmland Industries, Inc.'s interest in Farmland National Beef Packing Company, L.P. to a group of investors led by U.S. Premium Beef Ltd

Food & Drink Weekly, August 18, 2003

Goldsmith Agio Helms announced the completed sale of Farmland Industries, Inc.'s interest in Farmland National Beef Packing Company, L.P. to a group of investors led by U.S. Premium Beef Ltd. Goldsmith Agio Helms was retained by Farmland Industries to represent it in the sale of both National Beef and Farmland Foods, Inc.

Farmland Industries previously held a 71 percent stake in National Beef while USPB held the remaining 29 percent. USPB paid $232 million for Farmland Industries' interest. In addition, U.S. District Court Judge Jerry Venters of the U.S. Bankruptcy Court for the Western District of Missouri in Kansas City has approved the bid and auction procedures for the sale of Farmland Foods, Inc. The main bidder is Smithfield Foods, Inc. with a bid of $363.5 million. The auction and sale are expected to be completed later this fall.