# NATHANS FAMOUS, INC. (NATH) — merger [announced]
Source: SEC API (secapi.ai) · situation sit_751a5296ff71a16564cc · retrieved 2026-08-12T06:56:37.876Z

## Overview
Nathan's Famous, Inc. is a restaurant company that distributes its products through its restaurant system, foodservice sales programs (including a branded hot dog program with Smithfield Foods), and product licensing activities across 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and twenty foreign countries.

On January 20, 2026, Nathan's Famous, Inc. entered into an Agreement and Plan of Merger with Smithfield Foods, Inc. and Boardwalk Merger Sub Inc., under which Smithfield Foods will acquire Nathan's for $102.00 in cash per share of common stock, representing a total enterprise value of approximately $450 million. Upon completion, Nathan's will become a privately-held company. The transaction is contingent on approval from holders of a majority of Nathan's outstanding stock, clearance from the Committee on Foreign Investment in the United States (CFIUS), and satisfaction of other closing conditions. The parties expect the transaction to close in the second half of 2026.

## Terms
- Counterparty: Smithfield Foods, Inc. · Deal value: $450.0M · Consideration: cash · Price/share: $102

## Key dates
- Announced 2026-08-07

## Timeline
- 2026-08-07 · 8-K (0001437749-26-026426): 8-K - NATHANS FAMOUS, INC. — *Nathan's Famous, Inc. is a restaurant company that distributes its products through its restaurant system, foodservice sales programs (including a branded hot dog program with Smithfield Foods), and product licensing activities across 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and twenty foreign countries.* On January 20, 2026, Nathan's Famous, Inc. entered into an Agreement and Plan of Merger with Smithfield Foods, Inc. and Boardwalk Merger Sub Inc., under which Smithfield Foods will acquire Nathan's for $102.00 in cash per share of common stock, representing a total enterprise value of approximately $450 million. Upon completion, Nathan's will become a privately-held company. The transaction is contingent on approval from holders of a majority of Nathan's outstanding stock, clearance from the Committee on Foreign Investment in the United States (CFIUS), and satisfaction of other closing conditions. The parties expect the transaction to close in the second half of 2026.
  https://www.sec.gov/Archives/edgar/data/69733/0001437749-26-026426.txt

## Citations
- 0001437749-26-026426 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926026426