{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-112101","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2026-09-30T10:45:32+00:00","discovered_at":"2026-09-30T10:50:00.301996+00:00","generated_at":"2026-10-12T13:56:18.440743+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Hormel Foods to acquire Brakebush Brothers for $1.055 billion in cash","bullets":["Hormel Foods entered a Membership Interest Purchase Agreement on Sept 29, 2026 to buy all outstanding membership interests of Brakebush Brothers, LLC for a $1.055 billion cash base price.","Brakebush generated about $1.2 billion in net sales over the last 12 months; it was founded in 1925, is based in Westfield, Wisconsin, and runs five production facilities and two R&D labs.","Deal expected to close in Q1 of Hormel's fiscal 2027, subject to HSR antitrust clearance; termination right if not closed by March 29, 2027, with a possible three-month extension.","Hormel expects the acquisition to be accretive to adjusted EPS beginning in fiscal 2028 and to report Brakebush results primarily in its Foodservice segment.","Interim CEO Jeff Ettinger and CEO-elect John Ghingo commented; Wells Fargo advised Hormel, while William Blair advised Brakebush."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-112101","json":"https://secwatch.observer/filing/0001104659-26-112101.json","markdown":"https://secwatch.observer/filing/0001104659-26-112101.md","text":"https://secwatch.observer/filing/0001104659-26-112101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000110465926112101/0001104659-26-112101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000110465926112101/tm2626547d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:56:18.440743+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}