{"id":61461,"date":"2026-01-22T14:20:45","date_gmt":"2026-01-22T19:20:45","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=61461"},"modified":"2026-01-22T14:20:50","modified_gmt":"2026-01-22T19:20:50","slug":"hot-dog-brand-nathans-to-be-sold-for-450-million","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2026\/01\/22\/hot-dog-brand-nathans-to-be-sold-for-450-million\/","title":{"rendered":"Hot dog brand Nathan&#8217;s to be sold for $450 million"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Pork producer&nbsp;Smithfield Foods&nbsp;on Wednesday said that it will buy hot dog brand Nathan&#8217;s Famous for $450 million in cash.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-recalc-dims=\"1\" data-dominant-color=\"d6d3d1\" data-has-transparency=\"false\" style=\"--dominant-color: #d6d3d1;\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"168\" sizes=\"auto, (max-width: 1110px) 100vw, 1110px\" src=\"https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2026\/01\/Nathans-Famous.webp?resize=300%2C168&#038;ssl=1\" alt=\"\" class=\"wp-image-61462 not-transparent\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">This is a ray of summer in the dreary depths of winter<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Smithfield will pay $102 per Nathan&#8217;s share, representing a 10% premium to yesterday&#8217;s closing price.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Virginia-based company in 2014 entered into a licensing deal to make and market &#8220;Nathan&#8217;s Famous&#8221; hot dogs and related products in North America.<\/li>\n\n\n\n<li>There is no indication that Joey Chestnut is involved in the transaction, but his future checks could come from Smithfield accounts.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Nathan&#8217;s Famous started as a hot dog cart in 1916 by immigrant Nathan Handwerker with $300 borrowed from a pair of then-unknown entertainers, Jimmy Durante and Eddie Cantor, and originally sold the frankfurters for 5 cents.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pork producer&nbsp;Smithfield Foods&nbsp;on Wednesday said that it will buy hot dog brand Nathan&#8217;s Famous for $450 million in cash. 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