Smithfield Foods Upsizes Secondary Offering of Common Stock to $23.25 per Share, Expects to Close on September 8, 2025.

Smithfield Foods has announced the pricing of a secondary public offering of 19.5 million shares of common stock at $23.25 per share. The company is not selling any shares and will not receive any 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 are acting as joint lead book-running managers for the proposed offering.

Smithfield Foods, Inc. (Nasdaq: SFD) has announced the pricing of a secondary public offering of 19,531,698 shares of common stock at $23.25 per share. The offering, which is being led by Morgan Stanley, BofA Securities, and Barclays, is expected to close on September 8, 2025, subject to customary closing conditions. Notably, the company itself is not selling any shares, and it will not receive any proceeds from the sale [1].

The secondary offering involves the sale of shares by SFDS UK Holdings Limited, the principal shareholder of Smithfield Foods. The selling shareholder has 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. A registration statement, including a prospectus, relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (SEC) [1].

Smithfield Foods, a leading American food company specializing in value-added packaged meats and fresh pork products, has a diverse brand portfolio and strong relationships with U.S. farmers and customers. The company responsibly meets demand for quality protein around the world [1].

The offering comes amidst a backdrop of strong market demand for defense systems, as highlighted by recent market reactions to Saab AB's stock, which fell over 5% after Morgan Stanley began coverage with an "underweight" rating, citing elevated expectations [2].

For further details on the offering, the prospectus can be obtained from the SEC website at www.sec.gov or from the underwriters listed in the press release [1].

References:
[1] https://www.stocktitan.net/news/SFD/smithfield-foods-announces-pricing-of-upsized-secondary-offering-of-v6fi0g73bcnf.html
[2] https://www.investing.com/news/stock-market-news/saab-shares-sink-as-morgan-stanley-flags-elevated-expectations-4223921