Smithfield Foods prices secondary offering at $23.25 per share

Smithfield Foods Inc. (NASDAQ: SFD) announced the pricing of a secondary public offering of 19,531,698 shares of common stock at $23.25 per share. The shares are being sold by SFDS UK Holdings Limited, the company's principal shareholder.

The selling shareholder granted underwriters a 30-day option to purchase up to 2,929,754 additional shares at the public offering price, less underwriting discounts and commissions. Smithfield Foods will not sell any shares in the offering and will not receive proceeds from the sale.

The offering is expected to close on September 8, 2025, subject to customary closing conditions. Morgan Stanley, BofA Securities and Barclays serve as joint lead book-running managers, while Goldman Sachs & Co. LLC, Citigroup and BNP Paribas act as joint book-running managers.

A registration statement relating to the securities has been filed with and declared effective by the U.S. Securities and Exchange Commission. The offering is being made through a prospectus available on the SEC's EDGAR database.

Smithfield Foods describes itself as an American food company with positions in packaged meats and fresh pork products.

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