The Nathan's Famous Hot Dog Brand Was Sold In A Massive All-Cash Deal — Here's For How Much [Yahoo! Finance]
Nathan's Famous, Inc. (NATH)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=113414&p=irol-irhome
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Source: Yahoo! Finance
On a larger scale, it's best known for the Nathan's Famous Hot Dog Eating Contest held on the Fourth of July every year. Behind the scenes, there have been some changes going on inside the hot dog company, including a recent buyout: Nathan's Famous has just been sold to the tune of $450 million. The new owner of Nathan's Famous is the U.S. meat packaging titan, Smithfield Foods, but the two companies were already heavily intertwined. Since 2014, Smithfield Foods, based in Smithfield, Virginia, already held a license to make and sell Nathan's-branded hot dogs across the U.S. and Canada (and in Sam's Club stores in Mexico). As of this new deal, Smithfield is now the full owner of Nathan's Famous, and bought it up for a slightly premium price of $102 per share. And that $450 million total is all in cash. Read more: Jersey Mike's Biggest Secrets Exposed The quality of Nathan's Famous hot dogs seems unlikely to change: Nathan's hot dogs were already made by the Chinese company WH Gro
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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