NasdaqGS:SFDFood
Smithfield Foods Buys Nathan’s Famous Hot Dogs And Expands Branded Portfolio
Smithfield Foods (NasdaqGS:SFD) is acquiring hot dog brand Nathan’s Famous in an all cash deal valued at $450 million.
The transaction brings a widely recognized retail and foodservice label into Smithfield’s packaged meats portfolio.
The company expects the deal to be immediately accretive to earnings and to support growth across multiple sales channels.
For you as an investor, the move comes with Smithfield shares trading at $23.11 and a year to date return of 4.3%, alongside mixed...