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International Business Times
International Business Times
Business

Nathan's Famous Hot Dog Chain Bought by Chinese Pork Producer Smithfield Foods

Smithfield Smithfield Foods United States Nathan Famous Joey Chestnut CCP China

Nathan's Famous, the iconic American hot dog chain known for its Coney Island stand and annual hot dog eating contest, has been acquired by Smithfield Foods in a $450 million all-cash deal.

Smithfield, a Chinese-owned pork producer, will purchase all Nathan's shares for $102 each, securing full ownership of the brand.

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