Smithfield Foods, Inc. (<NASDAQ: SFD>), a major American food company specializing in packaged meats and fresh pork, revealed plans for a secondary public offering. The offering involves 19,531,698 shares of common stock.
The shares are being sold by SFDS UK Holdings Limited, the company’s primary shareholder, at an offering price of $23.25 per share. Importantly, Smithfield Foods will not receive any funds from this sale.
Underwriters have a 30-day option to purchase an additional 2,929,754 shares at the same price, less applicable discounts and commissions. The offering is slated to conclude on September 8th, 2025, provided all standard closing conditions are met.
Several major investment banks are managing the offering. Morgan Stanley, BofA Securities, and Barclays are serving as joint lead book-running managers. Goldman Sachs & Co. LLC, Citigroup, and BNP Paribas are acting as joint book-running managers.
The offering’s prospectus has been filed with and approved by the U.S. Securities and Exchange Commission (<SEC>). Investors can access the prospectus through the SEC‘s EDGAR database or directly from the participating investment banks.
The company emphasized that this press release does not constitute an offer to sell, or a solicitation to buy, securities in any jurisdiction where such activity is prohibited.
Smithfield Foods included a standard disclaimer regarding forward-looking statements. The company stated that projections about the offering and future performance are subject to various risks and uncertainties, details of which are available in its SEC filings.
Smithfield Foods, based in Smithfield, Virginia, maintains a substantial presence in the American food industry, holding a leading position in the packaged meats and fresh pork sectors. The company sources its products responsibly from U.S. farmers and serves global markets. Contact information for investor and media relations was also provided.
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