Smithfield Foods Announces Launch of Secondary Offering of Common Stock
Smithfield Foods (Nasdaq: SFD), a leading American food company specializing in value-added packaged meats and fresh pork, has announced a secondary public offering of 16 million shares of common stock. The shares will be sold by SFDS UK Holdings Limited, the company's principal shareholder.
The selling shareholder will grant underwriters a 30-day option to purchase up to 2.4 million additional shares. Morgan Stanley, BofA Securities, and Barclays are serving as joint lead book-running managers for the offering. Importantly, Smithfield Foods will not sell any shares or receive any proceeds from this secondary offering.
Smithfield Foods (Nasdaq: SFD), importante azienda alimentare statunitense specializzata in carni confezionate a valore aggiunto e suino fresco, ha annunciato una offerta pubblica secondaria di 16 milioni di azioni ordinarie. Le azioni saranno vendute da SFDS UK Holdings Limited, principale azionista della società.
Il venditore concederà agli underwriter un'opzione di 30 giorni per acquistare fino a 2,4 milioni di azioni aggiuntive. Morgan Stanley, BofA Securities e Barclays agiscono come joint lead book-running managers dell'offerta. È importante sottolineare che Smithfield Foods non venderà azioni né riceverà proventi da questa operazione secondaria.
Smithfield Foods (Nasdaq: SFD), una destacada compañía alimentaria estadounidense especializada en carnes empaquetadas de valor añadido y cerdo fresco, ha anunciado una oferta pública secundaria de 16 millones de acciones ordinarias. Las acciones serán vendidas por SFDS UK Holdings Limited, el principal accionista de la empresa.
El accionista vendedor otorgará a los colocadores una opción de 30 días para comprar hasta 2,4 millones de acciones adicionales. Morgan Stanley, BofA Securities y Barclays actúan como gestores principales conjuntos de la oferta. Es importante destacar que Smithfield Foods no venderá acciones ni recibirá ingresos por esta oferta secundaria.
Smithfield Foods (Nasdaq: SFD)는 부가가치 포장육 및 신선 돼지고기 전문의 미국 주요 식품회사로서 보통주 1,600만 주에 대한 2차 공모를 발표했습니다. 해당 주식은 회사의 최대 주주인 SFDS UK Holdings Limited가 매도합니다.
매도 주주는 인수단에게 최대 240만 주 추가 매수에 대한 30일 옵션을 부여합니다. Morgan Stanley, BofA Securities, Barclays가 공동 대표 주간사로 참여합니다. 중요한 점은 Smithfield Foods는 이번 2차 공모에서 주식을 매도하거나 수익을 받지 않는다는 것입니다.
Smithfield Foods (Nasdaq: SFD), une grande entreprise alimentaire américaine spécialisée dans les viandes conditionnées à valeur ajoutée et le porc frais, a annoncé une offre publique secondaire de 16 millions d'actions ordinaires. Les actions seront vendues par SFDS UK Holdings Limited, l'actionnaire principal de la société.
L'actionnaire vendeur accordera aux souscripteurs une option de 30 jours pour acheter jusqu'à 2,4 millions d'actions supplémentaires. Morgan Stanley, BofA Securities et Barclays sont les chefs de file conjoints de l'opération. Il est important de noter que Smithfield Foods ne vendra aucune action et ne recevra aucun produit de cette offre secondaire.
Smithfield Foods (Nasdaq: SFD), ein führendes US-Lebensmittelunternehmen, das sich auf verarbeitete verpackte Fleischwaren und frisches Schweinefleisch spezialisiert hat, hat ein sekundäres öffentliches Angebot von 16 Millionen Stammaktien angekündigt. Die Aktien werden von SFDS UK Holdings Limited, dem Hauptaktionär des Unternehmens, verkauft.
Der verkaufende Aktionär gewährt den Underwritern eine 30-tägige Option zum Kauf von bis zu 2,4 Millionen zusätzlichen Aktien. Morgan Stanley, BofA Securities und Barclays fungieren als gemeinsame leitende Bookrunner. Wichtig ist, dass Smithfield Foods selbst keine Aktien verkauft und aus diesem Sekundärangebot keine Erlöse erhält.
- None.
- Significant share sale by principal shareholder (16 million shares) could signal reduced confidence
- Potential market pressure from large volume of shares being sold
- Additional dilution risk if underwriters exercise their option for 2.4M additional shares
Insights
Principal shareholder SFDS UK Holdings Limited is selling 16M shares in secondary offering, potentially diluting existing shareholders without raising capital for Smithfield.
Smithfield Foods has announced a significant secondary public offering where its principal shareholder, SFDS UK Holdings Limited, will sell 16 million shares of common stock. The underwriters also have an option to purchase an additional 2.4 million shares within 30 days. It's critical to understand that this is a secondary offering, meaning Smithfield itself isn't selling shares or raising capital - the proceeds go entirely to the selling shareholder.
This transaction warrants attention for several reasons. First, when a major shareholder reduces their position substantially, it often triggers questions about their confidence in the company's future prospects. Second, this offering will increase the public float and potentially improve liquidity for the stock, which could benefit remaining shareholders through reduced bid-ask spreads and easier trading.
The offering is being managed by heavyweight investment banks Morgan Stanley, BofA Securities, and Barclays as joint lead book-running managers, suggesting institutional interest in the placement. While secondary offerings typically exert downward pressure on stock prices in the short term due to increased supply, the market's reaction will ultimately depend on investor perception of why the principal shareholder is selling and at what price relative to current market value.
This move may signal a strategic shift in Smithfield's ownership structure, potentially increasing institutional ownership and public float, which could eventually lead to greater index inclusion and institutional investor participation in the longer term.
SMITHFIELD, Va., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (Nasdaq: SFD) (the “Company”), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced the launch of a secondary public offering of 16,000,000 shares of common stock of the Company to be sold by SFDS UK Holdings Limited, the principal shareholder of the Company. In addition, the selling shareholder intends to grant the underwriters a 30-day option to purchase up to 2,400,000 additional shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions. The Company is not selling any shares of common stock in the offering and will not receive any proceeds from the sale of the shares by the selling shareholder, including from any exercise by the underwriters of their option to purchase additional shares.
Morgan Stanley, BofA Securities and Barclays are acting as joint lead book-running managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to this offering, when available, may be obtained for free by visiting EDGAR on the Securities and Exchange Commission (“SEC”) website at www.sec.gov. The preliminary prospectus relating to the proposed offering may also be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com; and Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.
A registration statement, including a prospectus, relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would not be permitted.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding the proposed offering, are forward- looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “intends,” “projects,” “contemplates,” “believes,” or “estimates” or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, the results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. We undertake no duty to update any statement made in this press release in light of new information or future events. The forward-looking statements contained in this press release are subject to substantial risks and uncertainties that could affect our current expectations and our actual results. A detailed discussion of these uncertainties and risks that affect our business is contained in our SEC filings, including our reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”
About Smithfield Foods
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world.
Investor Contact:
Julie MacMedan
Email: ir@smithfield.com
Media Contact:
Ray Atkinson
Email: ratkinson@smithfield.com
Cell: 757.576.1383
FAQ
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