Nathan's Famous Finalizes Merger with Smithfield Foods, Exits Nasdaq

Nathan's Famous, Inc. has finalized its merger with Smithfield Foods, Inc., becoming a wholly-owned subsidiary of Smithfield. This transaction resulted in Nathan's Famous shareholders receiving $102.00 per common share in cash. Consequently, the company has requested Nasdaq to suspend trading and initiated the process to delist its stock and terminate reporting obligations. The merger also led to a complete change in Nathan's Famous' board leadership.