Nathan's Famous seeks merger vote and Nathan's Famous stock costs EUR 90.50

Published on 10/06/2026 at 07:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Smithfield offers USD 102.00 per share versus USD 100.00 before. Nathan's Famous stock costs EUR 90.50 on October 6, 2026 after EUR 90.50.

NATH, US6323471002, Illustration mit AI erstellt.

Nathan's Famous (ISIN US6323471002) is seeking stockholder approval for a Smithfield Foods merger while its stock was trading at EUR 90.50 at Lang & Schwarz on October 6, 2026, at 7:54 a.m. CEST. In its definitive proxy statement dated September 24, 2026, the SEC filing describes a proposed cash transaction worth USD 102.00 per share.

Merger vote set for October 23

The virtual special meeting is scheduled for October 23, 2026, at 9:00 a.m. Eastern Time, according to StockTitan. Eligible holders would receive USD 102.00 in cash per share if the merger closes, subject to the transaction terms and appraisal rights.

The vote requires approval from holders of a majority of the outstanding common stock. The proxy lists 4,097,661 shares entitled to vote as of September 22, 2026, while directors and executives controlled 31.0 percent of outstanding shares, according to the SEC filing. The board recommends approval of the merger proposal and two related measures.

Quarterly revenue rose 15.03 percent

Nathan's Famous reported revenue of USD 54.06 million in the first fiscal quarter of 2027, up 15.03 percent from USD 47.00 million in the first fiscal quarter of 2026, as reported by Makkler on August 7, 2026. Income from operations was USD 12.67 million, compared with USD 12.79 million in the prior-year quarter, a decline of 0.96 percent.

The operating result gives the merger vote a different context from the sales growth. Nathan's Famous combines company-owned restaurants with franchising, licensing and branded product sales, and the proxy identifies 223 locations at June 28, 2026, including four company-owned restaurants, according to StockTitan.

Stock stays inside yearly range

At Lang & Schwarz, Nathan's Famous stock was trading at EUR 90.50 on October 6, 2026, at 7:54 a.m. CEST in pre-market activity, unchanged at 0.00 percent versus the EUR 90.50 prior close on October 5, 2026. The primary Nasdaq listing had a USD 416.0 million market capitalization and a USD 88.67 to USD 112.33 52-week range as of October 5, 2026.