secwatch.observer — SEC 8-K summary
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Issuer:     SMITHFIELD FOODS INC (SFD)
CIK:        0000091388
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001213900-26-005905
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91388/000121390026005905/0001213900-26-005905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91388/000121390026005905/ea0273493-8k_smith.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-005905

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