Merger Spreads › Deal guides › NATH

Nathans Famous, Inc. (NATH) is being acquired by Smithfield Foods, Inc. for $102.00 a share in cash

Generated automatically from SEC filings · last checked 2026-10-17 ·

Cash per share$102.00paid at closing
Market price—loading…
Spread—gap to the cash price
Shareholder voteOct 23special meeting
Expected close—not stated

In one paragraph

Nathans Famous, Inc. (NATH) agreed to be acquired by Smithfield Foods, Inc. for $102.00 per share in cash. Unlike a tender offer, this deal needs a shareholder vote: the special meeting is scheduled for October 23, 2026. At closing, each share is converted into the right to receive the cash, paid through your broker.

What can a shareholder do?

1. Vote and wait

Vote your shares (by proxy, before the meeting). If the merger closes, the cash is paid to your broker account automatically; you do not need to tender anything.

2. Sell on the market

You get the market price now, usually a little below the cash price (the spread above), without waiting for closing.

3. Appraisal rights

Holders who do not vote in favour may be able to ask a court to value their shares. It is slow and costly; the proxy explains the steps.

General information, not advice. Taxes: a cash buyout is generally treated like a sale of your shares; check your own situation.

What could go wrong?

Sources

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