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Smithfield Foods to Acquire Nathan’s Famous for $450M

1/21/2026

Summary

Story summary

Smithfield Foods will acquire Nathan’s Famous for $450 million at $102 per share, a ~10% premium, gaining full ownership.
Nathan’s Famous, founded in 1916, has licensed its brand to Smithfield since 2014.
Smithfield CEO Shane Smith said the acquisition will enhance packaged meats portfolio and unlock growth opportunities.
The deal is expected to close in first half of 2026, pending stockholder approval.
Smithfield shares rose about 2% after the announcement.

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Story summary

Smithfield Foods will acquire Nathan’s Famous for $450 million at $102 per share, a ~10% premium, gaining full ownership.
Nathan’s Famous, founded in 1916, has licensed its brand to Smithfield since 2014.
Smithfield CEO Shane Smith said the acquisition will enhance packaged meats portfolio and unlock growth opportunities.
The deal is expected to close in first half of 2026, pending stockholder approval.
Smithfield shares rose about 2% after the announcement.