Nathan's Famous agrees to be acquired by Smithfield Foods for $102.00 per share in cash

NATHANS FAMOUS, INC.

Smithfield Foods to acquire Nathan's Famous for $102.00 per share in cash; total value not disclosed.
Stockholders holding ~29.9% of shares agreed to vote in favor via Voting Agreement.
Closing subject to stockholder approval, HSR waiting period, and CFIUS clearance.
Termination fee: $10.6M payable by Nathan's if it accepts superior proposal; $7.4M by Buyer if CFIUS turndown.
CEO Eric Gatoff ($3.25M) and CFO Robert Steinberg ($1.05M) get retention bonuses contingent on closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NATHANS FAMOUS, INC. entered into Agreement and Plan of Merger with Smithfield Foods, Inc. and Boardwalk Merger Sub Inc. (effective 2026-01-20).

Action: entry
Agreement: merger
Counterparty: Smithfield Foods, Inc. and Boardwalk Merger Sub Inc.
Effective: 2026-01-20

Exact text from the filing

On January 20, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Buyer and Boardwalk Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Buyer (“Merger Sub”).

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291 material agreements filed in the last 30 days. Browse all material agreements →

NATHANS FAMOUS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-005233

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