Smithfield Buys America’s Most Famous Hot Dog – Merger Arbitrage Mondays
Nathan’s Famous, Inc. (NATH): $100.75
Market Cap: $412.02M
Deal Size: $450M
U.S. pork processor Smithfield Foods, Inc. (SFD) entered a merger agreement on January 21, 2026, to acquire century-old Nathan’s Famous in an all-cash deal valued at $450 million, adding the most iconic U.S. hot dog brand to its portfolio.
Smithfield will acquire all of Nathan’s Fam…
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