Nathan's Famous Sets October 23 Vote on $102/Share Smithfield Merger
NATH is trading near its 52-week low of $88.665 (13% above the low).
Summary
Nathan's Famous stockholders will vote October 23, 2026, on the $102 per share cash acquisition by Smithfield Foods. Regulatory clearances are complete, and the deal is expected to close in the second half of 2026.
Key Events · M&A and Partnerships · NATH
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Special Meeting Set for October 23
Stockholders of record as of September 22, 2026, will vote on the merger agreement, with 4,097,661 shares outstanding and a majority required for approval.
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Regulatory Clearances Complete
CFIUS clearance was obtained September 17, 2026, and the HSR waiting period expired February 23, 2026, removing the two key regulatory conditions to closing.
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Merger Consideration $102 Per Share
Each share of Nathan's common stock will be converted into the right to receive $102.00 in cash, without interest, representing a premium to the $92.73 closing price on January 20, 2026, the last trading day before announcement.
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Insider Voting Support
Directors and executive officers beneficially own approximately 31.0% of outstanding shares and have entered into a Voting Agreement to vote in favor of the merger.
Analysis · NATH · Trade & Services
The definitive proxy statement sets the stockholder vote for October 23, 2026, on the $102 per share all-cash acquisition by Smithfield Foods. CFIUS clearance was obtained September 17, 2026, and the HSR waiting period expired February 23, 2026, clearing the two key regulatory hurdles. With directors and officers holding 31% of shares committed to vote in favor, approval is highly likely. The merger is not subject to any financing condition, and Smithfield expects to fund the approximately $485 million transaction from cash on hand.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NATH was trading at $100.40 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $386.4M. The 52-week trading range was $88.67 to $113.86. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.