Iconic Nathan's Famous hot dogs sold in $450 million deal [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
spectacle, the tradition, and that one chaotic day every summer when grown adults willingly punish their digestive systems on live television. Now, that legacy has a new owner. The Coney Island hot dog brand that built a century-long reputation on a single stand and a single product has been sold for about $450 million to Smithfield Foods, a food processing company based in Smithfield, Virginia. The longtime producer is reportedly acquiring Nathan's Famous at a price of $102 per share. The buyer already has deep ties to the brand, having produced Nathan's packaged products in the U.S. and Canada since 2014. That existing relationship is one reason the deal does not come with major changes attached. Smithfield said it plans to continue hosting the annual Fourth of July hot dog-eating contest at Nathan's original location in Coney Island. The event, which has become one of the most recognizable summer events in the country, will stay put outside the Surf Avenue stand where it be
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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
- 110-year-old hot dog chain just sold its entire business [Yahoo! Finance]Yahoo! Finance
- Nathan’s Famous Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Nathan’s Famous, Inc. - NATHBusiness Wire
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