Nathan's Famous climbs after Smithfield's $450 mln deal to buy co
ReutersJan 21, 2026 12:43 PM
Shares of hot dog brand Nathan’s Famous NATH.O up 8.7% at $100.80 premarket
Packaged meat products company Smithfield Foods SFD.O to buy NATH for $102 per share in all-cash deal
The $450 million deal represents a near 10% premium to NATH's last closing price
Smithfield says deal will immediately add to its adjusted EPS from continuing operations; expects to save about $9 million by the second year after deal closes
SFD shares barely traded premarket
As of last close, NATH up ~22% over the past year
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