Smithfield Foods plans to acquire all outstanding shares of Nathan's Famous at $102.00 per share in an all-cash deal. The merger agreement has been approved by the Board of Directors of Nathan's Famous, who have agreed to recommend the deal to shareholders. The transaction aims to boost foodservice sales volume by leveraging Smithfield’s infrastructure and management expertise, and is expected to generate approximately $9 million in annual cost synergies by the second anniversary of closing. Completion of the deal is subject to customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smithfield Foods Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9629369-en) on January 21, 2026, and is solely responsible for the information contained therein.
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