Hormel Foods agrees on Brakebush deal as Hormel Foods stock sits at EUR 17.93 versus EUR 17.92
Published on 10/03/2026 at 12:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
On September 30, 2026, Hormel Foods Corporation announced an agreement to acquire Brakebush Brothers, LLC, from the Brakebush family for approximately USD 1.055 billion, according to the company's investor-relations release. The transaction is expected to close during the first quarter of Hormel Foods' fiscal 2027, subject to customary closing conditions, including regulatory approval.
Weekend trading
Lang & Schwarz quoted Hormel Foods stock at EUR 17.93 in weekend trading at 12:28 p.m. CEST on October 3, 2026. That was EUR 0.01, or plus 0.06 percent, above the EUR 17.92 close at Lang & Schwarz on October 2, 2026. The bid was EUR 17.88 and the ask was EUR 17.99. The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Hormel Foods stock.
Brakebush agreement
Hormel Foods said the acquisition is intended to expand its value-added chicken business and strengthen its Foodservice capabilities. Brakebush generated approximately USD 1.2 billion in net sales over the last 12 months, according to the company announcement. Hormel Foods expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028.
Dividend announcement
Separately, Hormel Foods announced on September 28, 2026, a quarterly common-stock dividend of USD 0.2925 per share. The dividend is payable November 16, 2026, to stockholders of record at the close of business on October 13, 2026, according to PR Newswire.
Next Xetra session
The next Xetra session is scheduled for October 5, 2026.
