---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-005905"
form_type: "8-K"
ticker: "SFD"
cik: "0000091388"
company_name: "SMITHFIELD FOODS INC"
filed_at: "2026-01-21T23:59:59+00:00"
generated_at: "2026-05-16T09:27:12.800697+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Smithfield Foods to acquire Nathan's Famous for $102/share in ~$450M cash deal

## Summary
- All-cash consideration of $102.00 per share; enterprise value approximately $450 million.
- Valuation of ~12.4x LTM adjusted EBITDA, ~10.0x post-synergies; annual cost synergies of ~$9M by year two.
- Smithfield had exclusive license since March 2014; acquisition secures Nathan's Famous brand into perpetuity.
- Stockholders representing ~29.9% of outstanding shares have agreed to vote in favor via voting agreement.
- Transaction subject to shareholder approval, HSR, CFIUS clearance; expected to close in 2026.

## SEC filing metadata
- accession: 0001213900-26-005905
- form_type: 8-K
- ticker: SFD
- cik: 0000091388
- company_name: SMITHFIELD FOODS INC
- filed_at: 2026-01-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91388/000121390026005905/0001213900-26-005905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91388/000121390026005905/ea0273493-8k_smith.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-005905
- JSON: https://secwatch.observer/filing/0001213900-26-005905.json
- Plain text: https://secwatch.observer/filing/0001213900-26-005905.txt

## Key facts
- Material Agreements
  SMITHFIELD FOODS INC entered into Agreement and Plan of Merger with Nathan's Famous, Inc. and Boardwalk Merger Sub Inc. (effective 2026-01-20).
  - Action: entry
  - Agreement: merger
  - Counterparty: Nathan's Famous, Inc. and Boardwalk Merger Sub Inc.
  - Effective: 2026-01-20
  source text: On January 20, 2026, Smithfield Foods, Inc. (“ Smithfield ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Nathan’s Famous, Inc. (“ Nathan’s ”), and Boardwalk Merger Sub Inc., a wholly owned subsidiary of Smithfield (“ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/91388/000121390026005905/0001213900-26-005905-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.