Iconic Coney Island hot dog maker Nathan's Famous is sold for $450 million [Yahoo! Finance Canada]
Nathan's Famous, Inc. (NATH)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=113414&p=irol-irhome
Company Research
Source: Yahoo! Finance Canada
Smithfield, which has held rights to produce and sell Nathan's products in the U.S., Canada and at Sam's Clubs in Mexico since 2014, will acquire all of Nathan's outstanding shares for $102 each. The transaction is expected to close in the first half of 2026. Smithfield jumped nearly 9% higher in midday trading, to $100.81 a share. Smithfield said it expects to achieve annual savings about $9 million within two years of closing the deal. “As a long-time partner, Smithfield has demonstrated an outstanding commitment to investing in and growing our brand while maintaining the utmost quality and customer service standards,” said Nathan's CEO Eric Gatoff. Nathan's board of directors, which own or control nearly 30% of the outstanding shares of Nathan's Famous common stock, approved the buyout and agreed to recommend to its shareholders to vote in favor of the deal. Smithfield, which also owns the Gwaltney bacon and Armour frozen meat brands, rang up more than a billion dollars
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NATH
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