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Cash Deal

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business2 months ago•2 min saved

Smithfield Foods Acquires Nathan’s Famous in $450 Million Cash Deal

Smithfield Foods is buying Nathan’s Famous for $450 million in cash, paying $102 per share to take full ownership of the iconic NYC brand (which Nathan’s has licensed to Smithfield since 2014 and is produced by WH Group). The close is expected in the first half of 2026, and the Nathan’s Famous Hot Dog Eating Contest will continue in Coney Island under new ownership.

via The Takeout|

#450-million #acquisition #business

business2 months ago•18 min saved

Netflix weighs all-cash rewrite of Warner Bros. Discovery deal as Paramount pressures

Netflix reportedly floated a shift to an all-cash deal for Warner Bros. Discovery’s studios and streaming assets, aiming to top Paramount’s $30-per-share all-cash bid; Netflix’s current terms are $23.25 cash plus $4.50 in Netflix stock (or $27.75 cash for the Warner Bros. business alone). Paramount has urged WBD shareholders to tender by Jan. 21, while WBD’s board has advised against tendering and remains aligned with the Netflix agreement.

via Deadline|

#bloomberg-report #business #cash-deal