Smithfield to Acquire Nathan's Famous in Merger

Smithfield Foods has entered into an Agreement and Plan of Merger dated January 20, 2026 with Nathan’s Famous, with a wholly-owned merger subsidiary of Smithfield merging into Nathan’s Famous. Nathan’s Famous would survive as a wholly-owned subsidiary of Smithfield.

The proxy statement describes a special meeting of stockholders held virtually via audio webcast. If the merger is completed, Nathan’s Famous stockholders would receive cash consideration per share, subject to withholding tax and appraisal rights under Delaware law.