Chinese-owned pork producer gobbles up iconic American hot dog maker [FOX Business Network]
Nathan's Famous, Inc. (NATH)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=113414&p=irol-irhome
Company Research
Source: FOX Business Network
Nathan's Famous, an iconic American hot dog maker and fast-food chain, was sold to Smithfield Inc., a Chinese-owned pork producer , in a $450 million all-cash deal. The two companies announced the merger in a statement Tuesday. Smithfield Foods will acquire all of Nathan's Famous shares for $102 each, according to the announcement. "The Nathan's Famous acquisition is a meaningful step in the progression of Smithfield Foods allowing us to own all of the top brands in our packaged meats portfolio," Shane Smith, Smithfield CEO and president, said in the statement. Smithfield Foods expects to "achieve annual cost synergies of approximately $9 million by the second anniversary of the deal closing," according to the announcement. Smithfield Foods held an exclusive license within the United States, Canada and Sam's Clubs in Mexico for the company to manufacture, distribute, market and sell "Nathan's Famous" branded hot dogs, sausages, corned beef and other products. The license wa
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News
- NATH Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Nathan’s Famous to Smithfield FoodsGlobeNewswire
- Halper Sadeh LLC Encourages NATH, VTYX, SKYT Shareholders to Contact the Firm to Discuss Their RightsPR Newswire
- Hot Dog Chain Sends MAGA Into Total Meltdown [Yahoo! Finance]Yahoo! Finance
- Iconic Nathan's Famous hot dogs sold in $450 million deal [Yahoo! Finance]Yahoo! Finance
- 110-year-old hot dog chain just sold its entire business [Yahoo! Finance]Yahoo! Finance
NATH
Sec Filings
- 1/21/26 - Form SCHEDULE
- 1/21/26 - Form DEFA14A
- 1/21/26 - Form 8-K
- NATH's page on the SEC website