Smithfield Foods to merge with Nathan's Famous in a $450m deal.

Smithfield Foods, an American pork producer and food-processing company, offered to merge with Nathan's Famous, an American company operating a chain of fast-food restaurants, in a $450m deal. "The Nathan’s Famous acquisition is a meaningful step in the progression of Smithfield Foods allowing us to own all of the top brands in our Packaged Meats portfolio and unlock new growth opportunities for our largest segment," Shane Smith, Smithfield Foods President and CEO.